How can Indonesia achieve its 2034 renewable energy target?

The rapid rollout of projects should include three factors.

Indonesia’s 2034 renewable energy goal should be backed by a fast and large-scale procurement programme, according to the Institute for Energy Economics and Financial Analysis (IEEFA).

The country on 26 May launched its latest Electricity Supply Business Plan (RUPTL) for the period 2025 to 2034. Under the plan, Indonesia aims for an additional 42.6 gigawatts (GW) of renewable energy by 2034.

In a new analysis, Grant Hauber, strategic energy finance advisor for Asia at IEEFA, said “a rapid, large-scale, national procurement programme” should include solar parks. The country could attract investments by creating de-risked project sites with pre-planned connections to the national transmission grid, ready for bidding

There should also be project preparation, commercially oriented bidding, and contracting, supported by consistent, transparent tender management.

Lastly, Indonesia should establish credible public contracting.

“Centralising project contracting with a financially credible public authority charged with delivering results and value over long periods,” Hauber said.