The renewable power generation in Indonesia saw steady growth from 9.51 Terawatthours in 2013 to 20.25 Terawatthours in 2023. The year-on-year growth has fluctuated, peaking at 19.22% in 2017 before stabilizing to 5.94% in 2023. The five-year compound annual growth rate (CAGR) for 2023 stands at 6.86%. This consistent increase indicates a strong commitment to renewable energy. Forecasts predict growth to continue, reaching 25.85 Terawatthours by 2028, albeit at a slower five-year CAGR of 3.87%, translating to overall growth of 20.88% from 2023 to 2028.
Future trends to watch for:
- Technological advancements in renewable energy generation.
- Policy changes and government incentives for renewable energy.
- Private sector investment in renewable infrastructure.
- Potential integration of renewable energy in national energy policy plans.
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