Indonesia is planning to build 75 gigawatts (GW) of renewable energy over the next 15 years. The country will offer opportunities for international investors to join in. The announcement was made by Hashim Djojohadikusumo, the country’s climate envoy, during a speech at the COP29 summit in Baku, Azerbaijan.
This plan is part of Indonesia’s effort to reach carbon neutrality by 2060. The country wants to reduce its reliance on coal power and shift to renewable energy like solar, hydro, geothermal, and nuclear. Currently, Indonesia’s power capacity is more than 90 GW, but more than half of it comes from coal, and less than 15% is from renewables.
Out of the 100 GW of new energy expected over the next 15 years, 75 GW will come from renewable sources, according to Hashim. He did not mention the plans for the remaining 25 GW.
Indonesia has also recently approved several large renewable energy projects. These include a 100 MW solar power plant in West Nusa Tenggara and a 400 MW hydropower project in Sumatra. Both projects are part of the country’s broader push to increase renewable energy capacity.
Indonesia is also working on building new green energy infrastructure. The state electricity company, Perusahaan Listrik Negara (PLN), is planning to create a new green transmission network that will stretch across 70,000 kilometers.
In addition to renewable energy, the government plans to restore 12.7 million hectares of damaged forests. The project will be funded partly by foreign sources, with the Bezos Earth Fund showing interest in supporting the effort.
