Indonesia boosting renewable energy incentives
Indonesia says it will support renewable energy developers with incentives in its drive to source 25% of its energy from renewable sources.
Energy and Mineral Resources Minister Jero Wacik said Indonesia will stimulate renewable energy growth by providing incentives for developers and raising the feed-in tariff for renewable energy.
“I am so optimistic that by having such movement pattern, year by year there will be much new and renewable energy we produced and we will develop fast,” he said.
He noted that the government has issued the necessary policies to boost the development and utilization of clean energy to attain the target of securing 25% of Indonesia’s energy supply from renewable energy by 2025.
Other incentives include a tax holiday for exploration projects and higher price for renewable energy.
Wacik said the recent increase in the subsidy for geothermal power plants was made to attract more investors. He is expected to approve the biomass energy prices this week.
Indonesia’s immense renewable energy potential includes 450 MW of mini/micro hydropower; 50 GW of biomass; 3 to 6 meters per second of wind power and 480 kWh per square meter per day of solar power.
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