Indonesia will require $172 billion renewables investment to add 60 GW power capacity

Indonesian state utility company Perusahaan Listrik Negara (PLN) will require up to $172 billion in investment for renewable energy projects and grid upgrades to add 60 gigawatts (GW) of new renewable power capacity. PLN aims to build 32 GW of new renewable power capacity as a base load and construct new grids to connect an additional 28 GW of renewable power as variable load.

PLN Director Evy Haryadi announced this ambitious plan during an industry forum. He did not provide specific details on the investment amounts needed for renewable power generation, but he did mention that the $172 billion investment until 2040 would also include $5 billion for a smart grid. This smart grid investment is crucial to enable greater integration of variable renewable energy sources like solar and wind power into Indonesia’s electricity system.

Haryadi emphasized the importance of grid development, stating, “There is no transition without transmission.” He highlighted the challenge of transmitting power from remote locations to meet demand.

This initiative aligns with Indonesia’s commitment to reduce its reliance on coal-fired power plants, which currently constitute the majority of the country’s power generation.

As part of its efforts to combat climate change, Indonesia has pledged to achieve net-zero emissions by 2060. Expanding renewable energy capacity and improving the electricity grid are critical steps toward achieving this goal.

Elevate your business with QU4TRO PRO!

Gain access to comprehensive analysis, in-depth reports and market trends.

Interested in learning more?

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You will get daily industry insights on

Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Canada’s NexGen gains environmental approval for Saskatchewan uranium project

NexGen Energy has achieved a crucial milestone in the development of its Rook I uranium project with the approval from Saskatchewan’s Ministry of Environment. This marks a significant achievement, as NexGen becomes the first company in over 20 years to receive…

Japan’s Sumitomo to invest $12.5 million in Canadian battery materials firm Nano One

Sumitomo Metal Mining, a prominent Japanese company, has committed a significant investment of $16.9 million into Nano One, a Canadian firm specializing in battery materials. This strategic move is part of Sumitomo Metal Mining’s overarching goal to advance sustainable approaches to the production of lithium-ion batteries.

Kenya-EU economic partnership agreement promises mutual growth

Kenya and the European Union (EU) have formally signed the Economic Partnership Agreement, a comprehensive trade deal designed to enhance economic cooperation and increase the flow of goods between the two regions. The agreement is particularly significant for Kenya, as it…

Stay informed

error: Content is protected !!