Key findings from the report “Unlocking Indonesia’s Renewable Energy Investment Potential” by IEEFA are:
- Investment in renewable energy in Indonesia has stagnated for the past seven years. In 2023, it attracted a mere US$1.5 billion, lagging far behind its Southeast Asian neighbors.
- Indonesia needs to attract US$146 billion in near-term renewable energy investment to meet the country’s 2030 climate target.
- Current policies and onerous contractual requirements towards solar and wind power raise costs and discourage private investment.
- Introducing transparent and well-defined procedures in renewable energy procurement, supported by more commercially balanced contractual terms and conditions, will provide assurance and certainty for potential investors.
Access the complete report here
