Opportunities in Indonesia’s Green Energy Market

Indonesia is currently a very attractive investment place to develop clean energy based on new and renewable energy, because it has abundant natural resources including: Geothermal Power, Solar Energy, Bio-Energy, Wind Power, Electric Hydro Power which are spread almost all over Indonesia.

In 2021 MEMR has recorded the realization of investment in the new and renewable energy sector (NRE) with a value of US $ 1.51 billion or about 74% of the total green energy investment target of US $ 2.04 billion.

The holistic solution involves both short-term and mid-term goals. According to the IRENA (The International Renewable Energy Agency), current pace and scale of renewable energy is insufficient to replace fossil fuels entirely. The governments of Indonesia are facing the problem of energy security, economic recovery, and affordability of energy bills for households and commercial businesses, particularly SME's all at the same time.

OPEC also states that 80% of people live in countries which are net importers, but most could develop renewable energy generation in some capacity. Renewable energy development offers a way out of the import dependency on fossil fuels, reducing costs and creating economic growth and new jobs.

Hence, government has committed to reducing emissions through the…