Indonesia aims for 75 GW of additional renewable energy over 15 years

• 8 days ago (2024-11-13)
• David Flin

Asia 892 Renewables 776

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Indonesia plans to tender opportunities for up to 75 GW of new renewable energy capacity over the next 15 years, according to Hashim Djojohadikusumo, Indonesia’s envoy to the COP29 climate summit.

He said: “There will be 100 GW of new energy that will be implemented in the new administration in the next 15 years, of which 75 per cent, or 75 GW, will be renewable energy.”

Indonesia’s installed capacity is currently around 90 GW, of which renewables account for less than 15 per cent. The country signed an agreement in 2022 to launch a Just Energy Transition Partnership (JETP) with the USA, Japan, Canada, the EU, France, Germany, Italy, Norway, and the UK. This intends to raise $20 billion in public and private financing over a 3-5 year period, using a mix of grants, concessional loans, market rate loans, guarantees, and private investments.

Under the terms of the agreement, Indonesia will aim to have renewable energy generation accounting for at least 34 per cent of all power generation by 2030.