Forecast: Total Renewable Energy in Indonesia

The total renewable energy supply in Indonesia has shown a steady decline over the past decade. From 2013 to 2023, the value fell from 29.49 to 21.64, indicating a consistent decrease year-on-year. For the years 2013-2023, the highest decrease was observed in 2019 with a year-on-year drop of 6.57%, and the most recent annual decline for 2023 was 2.84%. The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) stands at -3.27%, highlighting a steady downward trend.

Looking ahead, forecasts for 2024-2028 suggest the downward trend will continue but at a slightly reduced CAGR of -2.63%. The overall forecasted growth rate for this five-year period is -12.47%, indicating ongoing decreases in renewable energy supply, though they are expected to decelerate compared to previous years.

Future trends to watch for include:

• Government policies and regulations aimed at revitalizing the renewable energy sector.
• Technological advancements in renewable energy that could potentially reverse the declining trend.
• International investments and partnerships specifically focused on renewable energy projects in Indonesia.