Indonesia possesses enormous potential for renewable energy, such as hydropower, global geothermal energy, solar energy, and wind power. The Government of Indonesia has prioritized the development of its renewable energy sector in order to meet the growing consumption of energy. Related to this, President Joko Widodo has set a goal of having renewable energy account for 23% of Indonesia’s energy mix for electricity and transportation by 2025. This goal has been launched with supporting regulations to promote the domestic renewable industry and to attract investors to consider Indonesia’s growing demand for energy as a significant reason to invest in the nation’s renewable energy sector.
What are the regulations and policies which support the acceleration of power plant development utilizing renewable energy? Is there any policy to attract foreign investment?
Responding to the questions, HPRP Partner, Hendra Ong, and assisted by Associate Lawyers, Hapsari Arumdati, Rheza Sutrisna, and Nadya Vera Simajuntak, have prepared an executive summary on the development of the renewable energy sector in Indonesia, which can be downloaded here.
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