VIDEO RISET 31

Summary

Indonesia's renewable energy potential is vast, with a current utilization of just 0.3%. Solar energy leads the charge, followed by wind, geothermal, and tidal energy. By 2025, the government aims to increase renewable energy's share to 23%. Starting in 2030, only renewable energy power plants will be added, gradually phasing out fossil fuel-based ones. The country’s oil reserves are projected to last for another 9.5 years, while gas reserves will last for 19.9 years. In 2022, Indonesia's oil and gas production was slightly below target due to the pandemic's impact on operations.

Takeaways

• 😀 Indonesia has vast potential for renewable energy, estimated at 3295 GB, but currently only 0.3% is utilized.
• 🌞 Solar energy accounts for the largest share of renewable energy production in Indonesia.
• 💧 Other renewable energy sources include hydropower, bioenergy, wind, geothermal, and ocean wave energy.
• 📊 As of 2021, renewable energy accounted for 11.7% of Indonesia's total energy mix.
• 🎯 The Indonesian government targets increasing the renewable energy share to 23% by 2025.
• ⚡ Starting in 2030, all new power plants in Indonesia must be powered by renewable energy sources.
• 💨 The aim is to gradually reduce fossil fuel use, with coal-fired power plants phased out by 2030.
• 🌞 Solar power will be the primary focus for renewable energy development moving forward in Indonesia.
• ⛽ Indonesia's remaining oil reserves are expected to last for the next 9.5 years, while gas reserves will last for 19.9 years.
• 📉 In 2022, Indonesia's oil production target was 703,000 barrels per day, and gas production was 919,640 barrel equivalents per day, achieving 88.7% of the target.
• 🦠 The shortfall in lifting targets was mainly due to the unplanned shutdowns caused by the COVID-19 pandemic.

Q & A

What is the total potential for renewable energy in Indonesia?

Indonesia's total renewable energy potential is 3295 GB, but currently, only 0.3% of this potential is being utilized.

What is the largest source of renewable energy in Indonesia?

The largest source of renewable energy in Indonesia is solar power, followed by hydro, bioenergy, wind, geothermal, and ocean waves.

What was the share of renewable energy in Indonesia’s total energy consumption in 2021?

As of 2021, renewable energy accounted for 11.7% of Indonesia’s total energy consumption.

What target has the Indonesian government set for renewable energy by 2025?

The Indonesian government aims to increase the share of renewable energy in the national energy mix to 23% by 2025.

What major policy change will take place in Indonesia’s energy sector by 2030?

Starting in 2030, Indonesia will only allow the construction of new power plants powered by renewable energy and will gradually phase out fossil fuel-based power plants, particularly coal-fired plants.

Which type of renewable energy will be prioritized in Indonesia’s future power plant development?

Solar power will be the focus of future power plant development in Indonesia.

How long are Indonesia's oil and gas reserves expected to last?

Indonesia's oil reserves are expected to last for 9.5 more years, while its natural gas reserves will last for 19.9 years.

What are Indonesia's oil and gas production targets for 2022?

In 2022, Indonesia targeted an oil lifting of 703,000 barrels per day and a natural gas lifting of 919,640 barrels of oil equivalent per day.

Why did Indonesia's oil and gas production fall short of its 2022 targets?

Indonesia's oil and gas production fell short of its targets due to the impact of the COVID-19 pandemic, which caused unplanned halts in operations.

What is the government’s strategy for transitioning away from fossil fuels in Indonesia?

Indonesia's strategy includes gradually phasing out fossil fuel-based energy, with a focus on expanding renewable energy sources like solar power, and ensuring that no new coal-fired power plants are built after 2030.