The mean feed-in tariff for wind electricity generation in Indonesia experienced fluctuations from 2013 to 2023. Initially, the tariff saw a downward trend, but starting from 2017, it showcased a general pattern of stabilization with occasional increases, standing steadily at $0.1 in 2023. The year-on-year variations depict significant changes, with considerable jumps and declines, particularly in 2020 and 2021. The average annual change (CAGR) over five years indicated a subtle positive growth.
Future trends to watch:
- A projected steady increase in tariffs from 2024 through 2028.
- Expected 1.76% average annual growth over the next five years, with an overall growth rate of 9.13% by 2028.
- Potential policy shifts or technological advancements that may influence feed-in tariffs and market dynamics in wind energy.