Endorsed in an article by Indonesia’s Minister of Energy and Mineral Resources, the roadmap outlines a strategy for Indonesia to significantly increase its solar capacity, which currently stands at less than 1% of its potential. This industry outlook also demonstrates how Indonesia, as Southeast Asia’s largest economy, provides tremendous economic and environmental opportunities for global investors as it pivots away from coal, gas, and fossil-fuel power and toward a future powered by renewable energy. Indonesia is poised to become a world leader in solar power, with all of the economic and public health benefits that investment in clean energy brings. Jakarta leaders have set a goal of reaching 23% renewable energy by 2025, an ambitious increase from the 13% renewable energy penetration in Indonesia’s primary energy mix in 2019.
The acceleration of energy transformation has become the Government’s commitment to supporting a green economy, green technology, and green product, in line with the implementation of the Paris Agreement. Solar energy will become a mainstay in the strategy to develop renewable energy to promote the realization of net-zero emission in 2060 or sooner, because of its enormous potential and more competitive prices. The Indonesian government is committed to reducing greenhouse gas emissions through, among others, the development of renewable energy, energy conservation, and the use of clean energy technology. Emission reduction in the energy sector will be driven by new and renewable energy generation and application of energy efficiency. The deployment of renewable storage to enable the integration of renewable energy into the grid is a critical measure to support Indonesia’s decarbonization agenda.