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Indonesia Renewables Forecast Scenario

Fitch Solutions Sector Intelligence  


    THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

    Indonesia Renewables Forecast Scenario

    • 25 May 2022
    • Indonesia
    • Renewables

    Key View: We forecast non-hydropower renewables capacity in Indonesia to grow by an annual average rate of 5.0% between 2022 and 2031, to reach 7.4GW by 2031, with increasing upside risk particularly for the solar sector. This stems from a greater focus in the latest RUPTL 2021-2030, rising investor interests and developments in the solar sector over recent months, which could kickstart the industry in Indonesia.

    Maintaining Upward Trend
    Non-Hydropower Renewables Capacity, By Type, MW (2021-2031)

    e/f = Fitch Solutions estimate/forecast. Source: EIA, IRENA, national sources, Fitch Solutions

    Geothermal Dominates
    Non-Hydropower Renewables Generation, By Type, TWh (2021-2031)

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