Why Indonesia is popping the champagne on less headwinds for renewables

Tech costs have dropped over the past three years.

Reuters reported that the developer of Indonesia’s first commercial-scale wind farm says conditions for renewable energy investors are better now than ever before, but more work is still needed for the country to achieve its wind energy targets.

Historically, the prospects of getting commercial projects up and running in Indonesia’s renewable energy sector were bleak, with the government and state power utility lacking expertise and offering little support.

But over the past three years, technology costs have come down and the government has become more supportive, said Soeripno Martosaputro, project development manager for UPC Renewables Indonesia.

View the full report here.