Indonesia requires at least USD14.2 billion in investment by 2025 to meet its renewable energy targets and support its commitments under the Paris Agreement and Net Zero Emission (NZE) goal by 2060. The investment will help increase the nation’s renewable energy capacity to 8.2 GW, raising the renewable energy mix from 13% to 21% by next year, according to Director General of New, Renewable Energy and Energy Conservation (EBTKE), Eniya Listiani Dewi, at the 7th Indonesia-China Energy Forum in Bali.
“This is a significant investment, but it’s achievable,” said Eniya, emphasizing the importance of increasing renewable energy capacity. She highlighted Indonesia’s abundant renewable energy sources, including solar (3,294 GW), wind (155 GW), water (95 GW), and geothermal (23.6 GW), which offer vast opportunities for development.
Eniya stressed the importance of geothermal energy, noting that it plays a key role in Indonesia’s transition to clean energy. Currently, only 2.6 GW (11%) of the country’s geothermal potential has been tapped. “We are offering various geothermal projects to investors, with plans to open five geothermal working areas for exploration by 2025,” she added.
These planned geothermal projects include Mt. Lawu (195 MW), Sipoholo Ria-Ria (35 MW), Cubadak-Panti (30 MW), Telaga Ranu (85 MW), and Wapsalit (46 MW), which are expected to draw significant interest from global investors. The Indonesian government remains optimistic about attracting the necessary funds to meet its energy goals.
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