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Indonesia’s green energy outlook promising despite slow growth
Indonesia is expected to generate more renewable energy than fossil fuel by 2045.
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A man checks solar panels that power a naval base in Riau Islands. By 2045, Indonesia is expected to produce more green than dirty energy.
(The Jakarta Post/Dhoni Setiawan)
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nternational energy experts believe the share of renewable energy in Indonesia will exceed that of fossil fuel within the next 25 years despite slow progress in ongoing efforts to promote clean energy.
Bloomberg’s latest New Energy Outlook (NEO) predicts Indonesia will generate more renewable energy than fossil fuel by 2045 as green technology becomes widely available.
Bloomberg New Energy Finance (BNEF) head Jon Moore said renewable energy and fossil fuel would each make up about 50 percent of the country’s energy mix within the next two decades. He predicted green energy would take off by 2045 and significantly exceed fossil fuel by 2050.
“At first, Indonesia will develop geothermal and hydropower plants. Cheaper wind and solar generators will eventually complement this,” he said in a seminar on green energy in Jakarta on Monday.
NEO data suggests that from 2021 to 2025 Indonesia will invest around US$10 billion in geothermal energy, while from 2026 to 2050 the country will primarily invest in solar panels.
Moore said Indonesia would see a $288 billion investment from 2018 until 2050, part of the $611 billion investment estimated for Southeast Asia as a whole. Indonesia is expected to invest about 48 percent of this amount in solar panels, 11 percent in hydropower and 10 percent in geothermal energy.
According to Energy and Mineral Resources Ministry data, the capacity of renewable energy-based power plants accounts for only 9.42 gigawatts (GW), around 2 percent, of the 442 GW total renewable energy potential.
