Indonesia's solar energy generation has steadily risen from 0.005 TWh in 2013 to 0.35 TWh in 2023. The data from 2024 onwards are forecasted, with 2023 marking a year-on-year increase of 15.67%, translating into an annual average growth rate of 30.98% over the last five years. The 2024–2028 period forecasts a moderate yet stable growth, with a projected 5-year CAGR of 10.4%, cumulating in a 64.01% increase by 2028 to 0.68 TWh.
Trends to watch for in the future include:
- Continued investment in solar infrastructure.
- Government policies and incentives promoting renewable energy.
- Technological advancements reducing costs and enhancing efficiency.
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