At the recently concluded G20 Summit, Indonesia’s new President, Prabowo Subianto, announced that Indonesia is committed to building over 75GW of renewable energy projects domestically within the next 15 years and to cease operations of coal-fired power plants and all fossil fuel power stations. Additionally, the country aims to achieve net-zero emissions by 2050, primarily relying on renewable energy and biodiesel.
During the COP29 conference, Indonesian Special Envoy for Energy and Climate Change Hashim Djojohadikusumo stated that the government plans to add 100GW of energy capacity by 2040, with 75% sourced from renewable energy, including 25GW of hydropower, 27GW of solar power, 15GW of wind power, 7GW of geothermal energy, and 1GW of biomass energy.
State-owned electricity company PT PLN has been tasked with implementing the 75GW of renewable energy capacity. These projects require investments of at least USD 235 billion, including the construction of transmission lines from various islands to demand centers.
Under the “Just Energy Transition Plan 2023 for Accelerating Indonesia” (JETP), Indonesia plans to install approximately 265GW of solar PV capacity to ensure net-zero emissions in the power sector by 2050.
