September 9, 2021 Read More →

Solar viewed as key to coal-dependent Indonesia renewables targets

Bloomberg ($):

Solar power holds the key to meeting renewable energy targets for Indonesia, but the fast-growing Southeast Asian economy needs significant reforms to steer it away from an over-reliance on coal, according to a report.

The sprawling archipelago is targeting for renewables to make up 23% of its energy needs by 2025, a task that could be met by 18 gigawatts of solar-panel systems, according to a report jointly published by BloombergNEF, Bloomberg Philanthropies and Indonesia’s Institute for Essential Services Reform on Thursday. 

That would require a much stronger commitment from the government: 18 gigawatts would be a 100-fold increase from the current capacity of 154 megawatts. It would need investments of $14.4 billion, compared with only $287 million spent on solar over the past 15 years.

Indonesia’s goal is achievable as solar is the most economic clean energy technology that can be rapidly deployed, yet regulatory reforms are needed to overcome the obstacles to the sector’s growth, according to the analysis.

[Ann Koh]

More: Solar Needs to Dethrone Coal to Meet Indonesia Goals, Study Says

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