30 Jul Multi-billion dollar plan announced for Indonesian renewables through 2025
Posted at 03:48h
in Biomass Energy
Good news for the prospect of increased renewable energy development in Indonesia. In mid July the nation’s Ministry of Energy and Mineral Resources announced its desire for IDR 134.6 trillion (USD 15.7 billion) to fund renewable energy projects through 2025. Most, 64 percent, will go to the heavily populated region of Java. Specifically, its distribution will be IDR 25.06 trillion to Sumatra, IDR 86.3 trillion to Java, IDR 15.77 trillion to Sulawesi, IDR 2.64 trillion to Bali-Nusa Tenggara and IDR 4.83 trillion to Papua-Maluku (see map). Indonesia plans on raising the proportion of its energy generated through renewable sources from its current level of 5 percent to 17 percent—up from the previously set 15 percent—over the next 15 years.