Analysis: The Mean Feed-In Tariff for Solar Photovoltaic Electricity Generation in Indonesia stood at 0.1 USD in 2023. Between 2013 and 2023, the tariff experienced both declines and periods of stability. The tariff declined significantly from 0.1 USD in 2013 to 0.08 USD in 2015, followed by a period of fluctuation around 0.09-0.1 USD from 2016 through 2023. The calculated CAGR over the last five years up to 2023 is 2.13%, reflecting moderate annual growth. Forecast data from 2024 to 2028 indicates a stable increase up to 0.11 USD, with a forecasted 5-year CAGR of 1.92% and an overall forecasted growth rate of 10%.

Future trends to watch for:

Monitoring policy changes and their impact on tariffs considering the emphasis on renewable energy.
Evaluating the investment trends in solar PV infrastructure within Indonesia to understand market dynamics.
Assessing technological advancements in solar energy efficiency that could influence future tariffs.