Forecast: Renewable Energy Consumption in Indonesia

The data shows that renewable energy consumption in Indonesia has been on a downward trend from 2013 to 2023, with the value standing at 17.7 in 2023. The year-on-year variations reveal significant fluctuations, with notable declines in renewable energy consumption. The last two years saw a decrease of 5.79% in 2022 and 6.2% in 2023. The compound annual growth rate (CAGR) over the past five years has been -4.3%, indicating a consistent decline in renewable energy usage. This trend is projected to continue, with a forecasted CAGR of -6.26% over the next five years, leading to a 27.61% reduction by 2028.

Key future trends to watch for include:

• Government policies and incentives for renewable energy development
• Technological advancements in renewable energy sources
• Investment in infrastructure and grid capacity
• Public and private sector collaboration for sustainable energy solutions

Monitoring these factors will be crucial in understanding and potentially reversing the declining trend in renewable energy consumption in Indonesia.