Author: PPD Team Date: 13/11/2024
Indonesia has revealed plans to attract international investment for the development of 75GW of renewable energy within the next 15 years.
The announcement, made at COP29 in Baku by Indonesia’s climate envoy, Hashim Djojohadikusumo, underscores the new administration’s goal to implement 100GW of new energy, with 75% dedicated to renewables like solar, hydro, geothermal, and potentially nuclear energy.
With over 90GW of current power capacity, largely coal-based, Indonesia is pushing to reach carbon neutrality by 2060. State-owned utility Perusahaan Listrik Negara plans a 70,000km green transmission line to support this transition.
Additionally, President Prabowo Subianto aims to restore 12.7 million hectares of degraded forests, a reforestation project garnering interest from the $10bn Bezos Earth Fund.
This initiative builds on Indonesia’s $20bn Just Energy Transition Partnership, backed by the U.S. and Japan, to accelerate decarbonization.