Paige Nguyen, IEEFA's Director, Asia, welcomed the speakers and delegates in her opening remarks. She highlighted that Indonesia's energy transition will be one of the country's defining economic transformations. The country has significant renewable energy potential, yet deployment remains well below what is possible. To realize this potential, she added the value of closer collaboration among government, state-owned enterprises, project developers, investors, financial institutions, and civil society.

“Indonesia has the potential to build an energy system that is cleaner, more secure, and more competitive. The task now is to turn that potential into investment that creates jobs, supports economic growth, and strengthens Indonesia’s long-term prosperity.” - Paige Nguyen

Dr. Eddy Soeparno, S.H., M.H., Deputy Chairman of the People’s Consultative Assembly of the Republic of Indonesia, delivered a keynote address on "From Climate Crisis to Strategic Action: Indonesia's Energy Transition and Carbon Economy." He emphasized that Indonesia's emissions continue to surge at 6.23% per year, threatening economic stability and growth and requiring a new perspective on climate crisis mitigation through energy transition and reforestation.

“Indonesia's energy planning toward 2060 will be realized through the optimization of New and Renewable Energy, especially in the power sector, with the 100 GW Solar PV Program serving as a critical strategy for decarbonization and climate crisis mitigation.” - Dr. Eddy Soeparno

Mutya Yustika, IEEFA's Research & Engagement Lead, Indonesia Energy Transition, discussed "Energy Transition Outlook: Indonesia and Key Asian Markets." She explained Asia’s vulnerability to disruptions in the Strait of Hormuz and how the US–Iran conflict exposes Asia’s heavy reliance on Middle Eastern oil, as well as Indonesia’s rising import dependence and the hidden costs of fossil fuels. With these, she pointed out that renewables offer protection against fuel price shocks and highlighted the opportunity to reduce reliance on fossil fuels.

Key Actions for Indonesia’s Energy Security

• Accelerate renewable energy development for energy security 
• EV expansion to cut gasoline Imports 
• Electric cooking shift can cut reliance on imported LPG
• Strengthen domestic industry for renewable energy and EV supply chains

Presentation: IEEFA Insights: Energy Outlook: Indonesia and Key Asian Markets by Mutya Yustika

Indonesia’s energy transition is unfolding alongside rapidly evolving energy systems across the region. Countries have adopted varying approaches to accelerate renewable energy deployment, mobilize investment, strengthen energy security, and improve system reliability. This session, moderated by Suzanty Sitorus, Executive Director at ViriyaENB, discussed lessons from these regional experiences and examined which policies and approaches could most effectively support and accelerate Indonesia’s energy transition.

Panelists include Ratih Purbasari Kania, Director of Natural Resources and Manufacturing Industry Planning at the Ministry of Investment and Downstream Industry; and Nishant Kumar, Managing Director, Asia Investments at GuarantCo and Head of Coverage – Asia at Private Infrastructure Development Group.

Presentation: Global Energy Transition Insights: Accelerating Investment, Reliability, and Growth by Ratih Purbasari Kania

Presentation by Private Infrastructure Development Group's Nishant Kumar

Indonesia’s ambitious 100-gigawatt (GW) solar program, including 20GW of grid-connected capacity, marks a turning point in its energy transition. At the same time, Indonesia’s industrial expansion — including mineral downstreaming, manufacturing, and data centers — is driving rapid growth in electricity demand, creating new investment and financing challenges. As industries seek reliable, affordable, and increasingly low-carbon power sources, questions remain about the role of utilities, captive generation, financing mechanisms, and long-term competitiveness. This session, moderated by Grant Hauber, IEEFA's Strategic Energy Finance Advisor, Asia, delved into the challenges that must be addressed to ensure a secure, reliable, and abundant energy supply while maintaining affordability and supporting Indonesia’s decarbonization commitments. 

Panelists include Edwin Nugraha Putra, Director of Technology, Engineering, and Sustainability at PT Perusahaan Listrik Negara (Persero); Chandra Irawan, Country Manager, Indonesia and UAE at Pure Data Centres Group; and Andaru Brahmono Adi, Head of Corporate Finance and Investor Relations at PT Vale Indonesia Tbk.

Presentation: Powering Indonesia's Future: Aligning Renewable Energy Ambition with Demand Growth and Investment by Grant Hauber 

Presentation: IDPRO: 10 Years of Powering Indonesia’s Digital Foundation by Chandra Irawan 

Presentation: Powering Indonesia's Future: Aligning Renewable Energy Ambition with Demand Growth and Investment by Andaru Brahmono Adi 

Moderated by Randi Bachtiar, IEEFA's Energy Finance Specialist, Indonesia, this session discussed how blended finance and public-private partnerships can mobilize capital for Indonesia’s energy transition. It examined how concessional and commercial financing can be combined to de-risk investments, and how public-private partnerships can enable governments, state-owned enterprises, and private investors to share risks, responsibilities, and resources more effectively. 

Panelists include Haryo Wejoseno Aji, Vice President of Corporate Finance at PT Pertamina Power Indonesia (Pertamina NRE); Lazeena Rahman, Senior Climate Finance Specialist at Asian Development Bank; and Ekha Yudha Pratama, Head of Financing Division 2 at PT Sarana Multi Infrastruktur (Persero).

Presentation: Pertamina NRE’s Role in Maximizing Indonesia Renewables Energy Potential by Haryo Wejoseno Aji 

Presentation: Mobilizing Capital for Indonesia's Energy Transition through Blended Finance and Public-Private Partnership by Lazeena Rahman

Presentation: Mobilizing Capital for Indonesia's Energy Transition through Blended Finance and Public-Private Partnerships by Ekha Yudha Pratama 

The session, moderated by Ramnath N. Iyer, IEEFA's Sustainable Finance Lead, Asia, explored Indonesia’s efforts to develop a credible, transparent, and effective carbon market as part of its energy transition strategy. It examined opportunities for state-owned enterprises, private investors, and international partners to engage in carbon trading, while addressing the importance of market integrity, regulatory clarity, and alignment with global standards. 

Panelists include Edwin Hartanto, Head of Carbon Trading Development and New Initiatives at the Indonesia Carbon Exchange; Dr. Sugiatmo, S. Hut., M.Sc., Coordinator of the Working Group on Carbon Economic Value Cooperation at the Ministry of Environment; and Irfan Nurhadi, Deputy Representative, Asia and the Pacific at Verra.

Presentation: Promoting Sustainable Investment and Carbon Trading in Indonesia Capital Market by Edwin Hartanto

Presentation: Indonesia's Vision for Carbon Pricing by Dr. Sugiatmo, S. Hut