JETRO and BKPM held a seminar on investment promotion and policy developments in the renewable energy sector in hybrid format on 7 October, attended by 143 people.
JETRO and Indonesia’s Ministry of Investment and Downstreaming, BKPM, held the “Indonesia Sector-Specific Issues and Policy Developments Seminar” in both in-person and online formats, focusing on investment opportunities and government policy developments in the renewable energy sector. A total of 143 people attended, and investment projects were introduced not only in power generation, particularly renewable energy, but also in related fields such as EVs, energy storage and hydrogen.
The director of BKPM’s Investment Promotion Directorate for East Asia, South Asia, the Middle East and Africa said that renewable energy had been designated a priority investment sector to achieve the 8% economic growth target, and that the government would support companies’ consideration of projects through tax incentives, use of OSS and publication of feasibility study results.
An official from ESDM said that while Indonesia has abundant renewable energy resources, it needs to develop its power transmission and distribution infrastructure, and pointed to the importance of addressing domestic supply capacity, clarifying land rights and coordinating with local residents. A PLN division head explained the concept of introducing 100 GWp of solar power generation and said that the use of energy storage would become important.
Solar power deployment is based on the procurement of 17.1 GW included in the RUPTL 2025–2034. The government indicated that it would continue discussions with the relevant authorities on integrated procurement of solar power and energy storage, as well as the development of a regulatory framework for standalone energy storage. Japanese companies were expected to cooperate not only by supplying equipment but also by proposing technologies and providing solutions.