The Government of Indonesia is targeting nearly USD200 billion in investments to accelerate its renewable energy transition. The funding will be required across solar, hydropower, biomass, waste-to-energy (WTE), and battery storage projects.
The government has set a goal of achieving 42.6 GW of renewable capacity by 2034. Plans are underway to mobilise capital within one to two years by partnering with state-owned enterprises (SOEs), domestic firms, and international investors. Renewable energy is one of six priority investment themes identified by the agency.
Waste-to-energy (WtE) development has been highlighted as a strategic focus. The tenders for WtE projects will soon be launched in Jakarta, Bandung, Bali, Semarang, Surabaya, and Makassar, forming part of 33 strategic projects in the pipeline.