Indonesia sees US$200 B investment opportunity in renewable
Indonesia seeks nearly US$200B to hit 42.6 GW renewable goal by 2034, with solar, hydro, WTE, and battery storage as key investment drivers.
Indonesia is positioned to be a regional leader in renewable energy, with solar PV at the core of its decarbonization strategy. The combination of vast solar potential, improving policies, and growing investor interest makes now the right time to focus on Indonesia green energy investment.
Solar energy can be a strategy to meet this target,” said Deon Arinaldo, Program Manager of Energy System Transformation, at the launch of the Indonesia Solar Energy Outlook 2025 study report – Breaking the Walls: The Future of Indonesia's Solar Energy and Energy Storage Innovations (15/10/2024).
Indonesia's technical potential for solar ranges from 3,300 GW to 20,000 GW, according to IESR estimates, while the country's long-term energy policy targets up to 108.7 GW of solar by 2060. If implemented effectively, the program could redefine Indonesia's energy landscape and serve as a global benchmark for large-scale distributed renewables.
oduction and encourage the development of the local industry. Renewable energy projects in Indonesia are also subject to the LCRs with targets set for 2024 for solar power (40%), bioenergy (40%), and geothermal (35%).44 Even though the LCRs target for solar projects is 40% in 2024, there is a requirement of 41% for centralized on- rid solar
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