Jakarta - Indonesia: Optimising the Renewable Energy Potential Towards A Sustainable Energy Future
Indonesia is a large archipelago located at the south-east of mainland Asia, between the Pacific Ocean and the Indian Ocean. The country’s territory encompasses over 17,500 large and small islands with total land area about 1.91 million square kilometres. It is home for 250 million people and is the world fourth largest populous nation.
More than 62 million people or almost one third of Indonesia inhabitants are lack of access to electricity. These people mostly live in rural areas and the outer islands. Most power generation today is from convention thermal sources including fossil fuels such as oil, coal and natural gas. Indonesia’s current installed power capacity is at 52GW and the government has an ambitious plan to increase another 35GW in another five years. Demand is expected to grow at an average of 8.4% p.a. due to rapid urbanisation and industrialisation.
Today, renewable energy accounts for a small but growing portion of Indonesia’s electricity portfolio. The Government of Indonesia (GoI) has announced a medium term target for increasing the share of renewable energy in total energy mix to 25% by 2025. This means that massive new investment in power generation capacity is being developed using renewable energy. Indonesia is also planning to significantly increase investments in the energy sector including $38billion in the renewable energy sector.
The hosting of the 1st Renewable Energy for Indonesia 2015 (RE4I 2015) is set to provide a platform for potential investors tounderstand the key development issues of investing in Indonesia’s renewable energy sector; get updated on the new market directions, opportunities and economic priorities of the Indonesia’s renewable energy sectors at the same to build potential business networks with the local authorities and industry players.