Forecast: Renewable Energy Supply in Indonesia

Between 2013 and 2023, Indonesia's renewable energy supply showed a decline with fluctuations. In 2013, the value was 30.16, which progressively decreased to 24.53 in 2023. This represents a year-on-year variation of -1.68% from 2022 to 2023. The compound annual growth rate (CAGR) for the last five years was -1.16%, indicating a steady downward trend. Over the longer term, the supply decreased by 1.29% CAGR in the last five years and is expected to continue dropping, with a forecasted 6.3% reduction in total supply by 2028.

Future trends to watch for:

• Monitoring government policies and investments in renewable energy for new initiatives.
• Technological advancements that could make renewable energy more viable and cost-efficient.
• Potential macroeconomic changes that could impact funding and support for renewable energy projects.
• Global energy market dynamics and how international collaborations could influence local renewable energy supply.