Forecast: Renewable Energy Supply (Excluding Solid Biofuels) in Indonesia

Indonesia's renewable energy supply (excluding solid biofuels) exhibited robust growth from 2013 to 2023, attaining a value of 16.53 units of total primary energy supply in 2023. This progression highlights notable year-on-year variation, peaking with a significant 19.43% increase in 2020. The compound annual growth rate (CAGR) over the last five years stands at 5.94%, reflecting consistent expansion. Forecasts indicate a deceleration in growth rate, with a projected CAGR of 1.73% from 2024 to 2028, and an overall growth of 8.93% across the period.

Future trends to watch for:

• Technological innovations and cost reductions in renewable energy solutions.
• Government policies and regulatory framework supporting renewable energy investments.
• Increased private sector involvement and public-private partnerships.
• Emerging market dynamics and shifts in energy consumption patterns.