Forecast: Renewable Power Consumption in Indonesia

In 2023, Indonesia's renewable power consumption stood at 0.82 Exajoules. Analyzing year-on-year variations, the growth rate over the last two years was 17.25% in 2022 and 11.34% in 2023, indicating a consistent upward trajectory. Over the last five years, the CAGR was 15.58%, reflecting solid annual growth in renewable power consumption.

Looking ahead, the forecasted annual growth rate for the next five years is 6.65%, with an overall increase of 38.01% from 2024 to 2028. This suggests a steady incline in renewable energy adoption.

Future trends to watch for include technological advancements in renewable energy, government policies favoring green energy, and potential investment in sustainable infrastructure. These factors could significantly influence the pace of renewable power consumption growth in Indonesia.