WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 186
MARKET
DATA
The current goal of Indonesia is between a 17% to 19 % renewable share in the energy mix by 2025, potentially rising above 30% by 2050. Latest power sector plan (RUPTL 2021–30) earmarks over 50%
of new capacity for renewable energy, with 65 percent slated for development by independent power producers.
0%
The main regulator for the energy industry in Indonesia is MEMR
(Ministry of Energy and Mineral Resources)
2%
2023 Electricity Mix
GHG Emissions (million tons of CO₂ equivalents)
PT Perusahaan Listrik Negara (Persero), an Indonesian government-owned
corporation, has a monopoly on electric power distribution in Indonesia
12%
852.1
In 2023, Indonesia had an electrical capacity of 85.1 GW with a projected
capacity of 86.8 GW for 2024
800
861.5
Oil
17%
7%
Natural Gas
Coal
666.4
Hydro
Renewables
Others
600
400
New Generation Capacity- Wind (In MW)
200
0
2021
1341.5
1500
2022
Source: Statistical Review of World Energy 2024
1000
500
Sources: Statistical Review of World Energy 2024
62%
2023
5%
New Generation Development - Solar (in MW)
154.0
0
2030
2000
Sources:
New Generation Capacity:
https://www.mckinsey.com/id/our-insights/how-to-power-indonesias-solar-pv-growth-opportunities
Carbon pricing:
https://www.pwc.com/id/en/services/environmental-social-governance/indonesia-carbon-pricing.html
Other sources:
https://www.mordorintelligence.com/industry-reports/indonesia-power-market
https://english.kontan.co.id/news/indonesia-state-utility-plans-316-gw-renewable-power-capacity-in-2024-2033
https://www.mckinsey.com/id/our-insights/indonesias-green-powerhouse-promise-ten-big-bets-that-could-pay-off
Industry
574.0
47%
Households
0
• Between 2024 and 2033, Indonesia’s state utility Perusahaan Listrik Negara
(PLN) planned to build an additional 31.6 GW of renewable power capacity.
• The Indonesian Government implemented regulatory incentives for green
growth and signed a MoU with Singapore for renewable electricity exports
to boost the sector.
2023 Electricity consumption by sector
15%
4000
Sources: Mckinsey
• Aimed to cut carbon emissions to 250 mmt/year by 2030 and increase
renewable energy generation to 44%.
5000.0
6000
Wind
2023
Business
2030
Solar
33%
Others
Sources: Statista
Sources: Mckinsey
• Indonesia carbon exchange launched: On 26 September 2023, the
Indonesian Stock Exchange introduced the IDX Carbon to advance the
country’s goal of net zero emissions by 2060.
CO₂ pricing (US$/tCO₂e)
• Sector-based carbon pricing mechanism: The regulation implements a
carbon pricing mechanism across various sectors (energy, waste, IPPU,
agriculture, forestry) to meet Nationally Determined Contributions
(NDCs) and control GHG emissions.
0.8
0.6
0.6
0.4
Sources: Pwc
0.2
0
Sources: Worldbank
0
0
2022
2023
2024
WEMO 2024
2023
186
Indonesia
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