Indonesia: The proportion of renewable energy is expected to rise to 23% in 2025

    According to a report on June 28, Indonesia’s Minister of Energy and Mineral Resources, Arifin Tasrif, stated that Indonesia has broad investment space in areas such as Solar Panels With Battery power infrastructure construction, and the country is very willing to invest in China. Those who come to Indonesia to invest "open the door" and provide investment opportunities in renewable energy projects.

    The report pointed out that in order to achieve climate goals and promote the development of the new energy industry, Indonesia will make changes in two aspects: on the one hand, build more renewable energy power stations and accelerate the elimination of old coal-fired power stations; on the other hand, Use clean coal technology to reduce greenhouse gas production.

    According to the plan of relevant Indonesian departments, the country will fully tap existing resources and promote the construction of hydropower, geothermal and solar power generation projects. It is estimated that by 2025, Indonesia's use of renewable energy will increase from the current 11.2% to 23%.

    With Indonesia's vigorous promotion of new energy development, Chinese investors are also expected to increase their investment in the country. According to data from the International Institute of Green Finance (IIGF) of the Central University of Finance and Economics, in 2020, China's overseas investment in countries along the route of important infrastructure projects will account for 22.74% of investment in solar and wind renewable energy, which is about 106.8. Billion US dollars (approximately 69 billion yuan).