Is solar PV growing in Indonesia?

Up to now, solar PV growth in Indonesia has been slow compared to various other countries in the region and, to overcome this, Indonesia’s government has set targets to increase solar PV substantially by 2030. 4 The sector, though, will face challenges in producing solar products that can compete with those of other exporting nations.

Will solar PV fuel Indonesia's energy transition?

The emergence of solar PV in fueling Indonesia’s energy transition ISEO 2023 provides an update on the progress of solar PV as the primary energy source in Indonesia’s energy transition, as well as its challenges and market opportunities.

How much do solar panels cost in Indonesia?

Across the world, the cost of solar panels is declining, and Indonesia is no different. The price of solar modules dropped from USD 4.12 per watt in 2008 to USD 0.17 per watt in 2020. This translates to lower costs for solar energy, which are around USD 0.04 per kWh.

What is the potential of rooftop solar PV in Indonesia?

Another major potential is presented by the utilization of rooftop solar PV for households in Indonesia. With a potential capacity of 32.5 GW, Indonesia’s rooftop solar PV, as of June 2023, produces up to 95 MW, with the household sector accounting for 72% of the share.

What is Indonesia's solar energy plan?

This progress is part of Indonesia’s solar energy plan, which targets 5 GW of installed capacity by 2030. The growth of solar power in Indonesia reflects not just a commitment to shift away from its fossil fuel-dominated energy system but also recognises the immense potential the solar energy holds in the Indonesian archipelago.

Is solar the future of energy in Indonesia?

Above all, it is the right time for the government to publicly recognise the effective and unlimited potential for solar to generate reliable low-cost electricity. Solar PV is the future of energy in Indonesia. Indonesia has vast solar energy potential, far larger than all other energy sources combined.