Indonesia is set to propose renewable energy projects totaling 75 gigawatts (GW) for international investment over the next 15 years, a key initiative under President Prabowo Subianto's administration, according to a statement from Indonesia's climate envoy Hashim Djojohadikusumo at the COP29 summit in Baku, Azerbaijan.
As one of the world's leading greenhouse gas emitters, Indonesia has committed to achieving carbon neutrality by 2060, a target that includes phasing out coal-fired plants and increasing renewable energy sources such as solar, hydro, geothermal, and nuclear power. “There will be 100 GW of new energy that will be implemented in the new administration in the next 15 years, of which 75%, or 75 GW, will be renewable energy,” Hashim said during a livestreamed speech at the conference.
Indonesia's existing power capacity exceeds 90 GW, with coal-fired plants comprising over half and renewables accounting for less than 15 percent. The country currently has no operational nuclear power plants, an issue complicated by its susceptibility to earthquakes.
Indonesia's state utility, Perusahaan Listrik Negara, is developing a 70,000-kilometer green transmission line network, CEO Darmawan Prasodjo announced from Baku, with the aim of supporting renewable expansion.
While Indonesia has promoted its renewable energy potential in the past, development has been hindered by coal subsidies that have deterred investor interest in renewables, according to industry analysts.
In addition to energy projects, Indonesia will launch carbon offset initiatives capable of removing substantial volumes of CO₂ from the atmosphere. The administration also plans to restore 12.7 million hectares of degraded forest with foreign funding support, potentially including contributions from the Bezos Earth Fund. Although the Bezos Earth Fund has held discussions with Indonesia, it has yet to commit to specific projects.
