Please Wait.....
Report
Indonesia Renewable Energy - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029
Market Report I 2024-02-17 I 98 Pages I Mordor Intelligence
The Indonesia Renewable Energy Market size in terms of installed base is expected to grow from 16.04 gigawatt in 2024 to 42.37 gigawatt by 2029, at a CAGR of 21.44% during the forecast period (2024-2029).
Key Highlights
-Over the medium term, the increasing interest of the Indonesian government toward renewable energy power generation and favorable government policies are expected to drive the market.
-On the other hand, factors, such as the country's dependence on fossil fuels for energy supply and an increasing number of projects and investments in the oil and gas sector, are expected to restrain the country's renewable energy market.
-Nevertheless, the integration of smart grids and battery energy storage systems (BESS) to improve the quality of power and facilitate the variable wind power and solar PV projects is expected to create several opportunities for the renewable energy market in Indonesia.
Indonesia Renewable Energy Market Trends
Solar Energy Is Expected to Witness Significant Growth
- The Indonesian government set a renewable energy target of 23% and 31% of the total electricity generation by 2025 and 2050, respectively. Around 13% of power generation nationwide comes from renewable energy resources, mainly hydroelectric and geothermal power production.
- Indonesia is rich in solar power, with a potential of around 207 GW, according to the Ministry of Energy and Mineral Resources (MEMR). The Indonesian government is prioritizing the development of renewable energy sources, including solar.
- According to the Ministry of Energy and Mineral Resources, in 2022, the total installed on-grid solar photovoltaic (PV) capacity was approximately 190.06 MW, representing an increase of 22.39% compared to 155.29 MW in 2021. The International Renewable Energy Agency (IRENA) states that Indonesia is installing solar power capacity to grow significantly in scale by 2030, mainly driven by initiatives by the government and PLN (a state-owned electricity company).
- The IRENA identified the potential for Indonesia to deploy 47 GW of solar power capacity by 2030 as part of its 2017 Roadmap for a Renewable Energy Future (REmap) program report.
- The Indonesian solar power capacity is growing at the utility scale, on residential and commercial rooftops, and in off-grid settings to replace costly diesel-fueled generation, which is expected to drive solar power generation in the country.
- In September 2021, the Ministry of Energy and Mineral Resources (MEMR) enacted the net metering legislation for rooftop PV, increasing the net metering factor from approximately 0.65 to 100. Thus, solar PV system owners will likely be given surplus credits for the power they inject into the grid, the same tariff rate for buying electricity from the network. Such government initiatives will likely increase the demand for solar energy in Indonesia during the forecast period.
- Therefore, due to such factors, the solar energy segment is expected to grow significantly during the forecast period.
Progressing Renewable Energy Policies Are Expected to Drive the Market
- After decades, the Indonesian New and Renewable Energy (NRE) has gained momentum in recent years. Indonesia lags in developing its new and renewable energy resources compared to other countries. The country's rich oil and gas resources in the past have made NRE development a choice instead of a priority.
- The government of Indonesia started paying attention to the NRE sector when Indonesian oil and gas reserves started depleting. The country became a net oil importer for the first time in 2005.
- Consequently, the Energy Law of 2007 set Indonesia's plan to shift its reliance on fossil fuels, mainly coal, and oil, toward more eco-friendly and sustainable means like solar, wind, hydro, geothermal, and biomass.
- The Ministry of Energy and Mineral Resources data show that the country has enormous potential for geothermal energy at 23.9 GW and more than 94 GW of hydropower. The country also has a biomass potential of more than 32.6 GW and a biogas potential of 200,000 barrels per day.
- Renewable energy projects are estimated at 60.6 GW for wind energy, 208 GW for solar energy, and 17.9 GW for ocean and tidal energy. The potential could be substantially more immense with rapidly advancing renewable energy technology.
- According to the Internation Renewable Energy Agency, in 2022, the total installed renewable energy capacity was approximately 12.48 GW, representing an increase of 8.18% compared to 11.53 GW in 2021.
- Therefore, due to such factors, increasing policies set by the government are expected to drive the country's renewable energy market during the forecast period.
Indonesia Renewable Energy Industry Overview
The Indonesian renewable energy market is consolidated. Some of the key players in the market include (in no particular order) Canadian Solar Inc., Sindicatum Renewable Energy Company Pte Ltd, Trina Solar Co. Ltd, PT Sumber Energi Sukses Makmur, and BCPG Public Company Limited (BCPG)., among others.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Renewable Energy Mix, 2022
4.3 Renewable Energy Installed Capacity and Forecast in GW, till 2028
4.4 Recent Trends and Developments
4.5 Government Policies and Regulations
4.6 Market Dynamics
4.6.1 Drivers
4.6.1.1 Immense Potential in Renewable sector due to Natural Landscape of the country
4.6.1.2 Supportive Government Policies and Initiatives
4.6.2 Restraints
4.6.3 Lack of Investment for Infrastructure Development
4.7 Supply Chain Analysis
4.8 PESTLE Analysis
5 MARKET SEGMENTATION
5.1 Source
5.1.1 Solar
5.1.2 Wind
5.1.3 Hydro
5.1.4 Bioenergy
5.1.5 Other Sources
6 COMPETITIVE LANDSCAPE
6.1 Mergers, Acquisitions, Collaborations, and Joint Ventures
6.2 Strategies Adopted by Key Players
6.3 Company Profiles
6.3.1 Canadian Solar Inc.
6.3.2 Sindicatum Renewable Energy Company Pte Ltd.
6.3.3 Trina Solar Ltd
6.3.4 PT Sumber Energi Sukses Makmur
6.3.5 BCPG Public Company Limited (BCPG)
6.3.6 SEG Solar
6.3.7 PT. ATW Solar Indonesia
6.3.8 Fourth Partner Energy Private Limited
6.3.9 Xurya Daya Indonesia
6.3.10 TotalEnergies ENEOS
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 The Integration Of Smart Grids And Battery Energy Storage Systems (BESS) with Renewable Energy Projects
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security