“This initiative has not only reduced greenhouse gas emissions by 1,597 tons of CO2e per year but also decreased fossil fuel consumption,” he said.

According to Ronald, the shift to solar energy provides both environmental and economic benefits for the company. By reducing long-term operational costs through decreased fossil fuel use, MedcoEnergi can optimize its resources more efficiently.

Furthermore, this move strengthens relationships with stakeholders who increasingly demand concrete actions to mitigate climate change impacts.

“This initiative offers economic benefits and enhances our reputation amid global demands to reduce greenhouse gas emissions,” Ronald added.

MedcoEnergi plans to expand its use of solar energy in the future. The company continues to evaluate the potential for solar panel installations at its other upstream oil and gas operational sites.

“To reduce greenhouse gas emissions, MedcoEnergi and its upstream subsidiaries have initiated a shift from stationary combustion to electricity from the PLN grid and renewable energy sources such as solar panels,” Ronald said.

By 2023, MedcoEnergi had successfully reduced over 26,000 tons of CO2 per year across its various operational areas. This achievement was made possible through the utilization of solar panels with a total capacity of 422 kWp and the transition to electricity from the PLN grid, totaling 487.5 kW.

These initiatives are concrete actions towards implementing MedcoEnergi’s Climate Change and Energy Transition Strategy, launched in 2021 as part of the company’s Sustainability Roadmap initiated in 2017. MedcoEnergi aims to achieve Net Zero Emissions for scopes 1 and 2 by 2050 and scope 3 by 2060. (Uki Ruknuddin)

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