Belem, Brazil, Nov 27, 2025 – Indonesia’s state utility PT PLN (Persero) has reinforced its commitment to the global carbon market by signing two key agreements at the COP30 Seller Meets Buyer forum. PLN entered a Mutual Expression of Intent with Norway via the Global Green Growth Institute (GGGI) and a Memorandum of Understanding (MoU) with Japanese company Carbon Ex Inc.

These collaborations aim to accelerate low-carbon project development, expand Indonesia’s carbon-market participation, and support the country’s Net Zero Emissions by 2060 target. PLN plans to leverage the 2025-2034 Electricity Supply Business Plan (RUPTL), which adds 69.5 GW of generation capacity, 76% from renewables, to produce over 1,000 TWh of green electricity.

PLN offers two main solutions for businesses to decarbonize: Carbon Units, for offsetting emissions through verified reduction projects, and Renewable Energy Certificates (RECs) or Dedicated Green Energy Sources, providing direct access to clean electricity.

Additionally, PLN is offering forward offtake opportunities for three Gold Standard-certified projects totaling around 1.5 million tonnes of CO₂e reductions, including a 50 MW solar plant with battery storage in the new capital, Nusantara. These initiatives aim to position Indonesia as a regional and global leader in the clean-energy transition.