The next 9 years will be a crucial turning point for Indonesia in the sector of renewable energy
The next 9 years will be a crucial turning point for Indonesia in the sector of renewable energy, with over 8,750 MW, or 25 percent of the total current power capacity being contributed by geothermal, hydropower, and “bioenergy” plants.
The government is seeking investments up of up to Rp. 403 trillion over the next 5 years in an attempt to reduce the dependence on depleting fossil-based fuel reserves.
"As a nation keen to achieve self-sufficiency in energy, we must not rely on fossil fuels. The fact now is that Indonesia has become a net importer of oils, while in due course of time, fossil fuel reserves will become exhausted,” remarked Jokowi, noting that the country has 40 percent of the world’s geothermal potential that has yet to be fully exploited.
Understanding Indonesia’s immense opportunity to convert into renewable energy, the government plans on acting aggressively to attract investors, some of which that have already expressed interest include Japan, Netherlands and the United Kingdom.