{"id":101614,"date":"2025-10-31T12:25:34","date_gmt":"2025-10-31T12:25:34","guid":{"rendered":"https:\/\/www.climatepolicyinitiative.org\/?post_type=cpi_pr&#038;p=101614"},"modified":"2026-02-18T15:04:44","modified_gmt":"2026-02-18T15:04:44","slug":"cpi-launches-indonesia-power-sector-finance-dashboard-2019-2023-reveals-growing-investments-in-variable-re-and-opportunities-to-close-investment-gap","status":"publish","type":"cpi_pr","link":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/press-release\/cpi-launches-indonesia-power-sector-finance-dashboard-2019-2023-reveals-growing-investments-in-variable-re-and-opportunities-to-close-investment-gap\/","title":{"rendered":"CPI launches Indonesia Power Sector Finance Dashboard 2019-2023, reveals growing investments in variable RE and opportunities to close investment gap"},"content":{"rendered":"\n<p><strong>Jakarta, 31 October 2025 <\/strong>\u2013 Climate Policy Initiative (CPI) launched the updated Indonesia Power Sector Finance Flow Dashboard, revealing that Indonesia\u2019s power sector received a total of <strong>USD 38.02 billion or an annual average of USD 7.6 billion <\/strong>in investments during 2019-2023, <strong>less than half of the USD 19.4 billion required<\/strong> <strong>annually<\/strong> to meet the country\u2019s 2030 climate targets. The latest data highlights opportunities to strategically direct more financing toward renewable energy and supporting infrastructure that can drive Indonesia\u2019s low-carbon future.<\/p>\n\n\n\n<p>Developed through rigorous data triangulation that consolidates various official datasets, this interactive Dashboard provides a reliable, comprehensive, up-to-date, and open-access view of Indonesia\u2019s power sector investment landscape. It maps financing sources, sectoral allocations, and thematic uses, covering both renewable energy (RE) and fossil fuel (FF) investment flows to support government, industry, and financial stakeholders in making informed policy decisions and exploring appropriate RE investment opportunities.<\/p>\n\n\n\n<p><strong>Key takeaways from the 2019\u20132023 investment trends analysis include:<\/strong><strong><\/strong><\/p>\n\n\n<ul>\n<li><strong>The annual average of RE investments was at USD 1.79 billion, far below the USD 9.1 billion annual investment needed<\/strong> to align with Indonesia\u2019s <a href=\"https:\/\/unfccc.int\/sites\/default\/files\/NDC\/2022-09\/23.09.2022_Enhanced%20NDC%20Indonesia.pdf\">Enhanced NDC<\/a> targets. While Indonesia has just launched its <a href=\"https:\/\/unfccc.int\/sites\/default\/files\/2025-10\/Indonesia_Second%20NDC_2025.10.24.pdf\">Second NDC<\/a>, with an estimated total investment needs of USD 472.6 billion through 2035, there was no reported sectoral allocation for RE specifically. RE investments were also considerably<strong> lower than the annual average of reported fossil fuel investments at USD 2.55 billion<\/strong>.<\/li>\n<li><strong>Investments in RE were mainly from domestic sources (55%) and concentrated in baseload RE power plants <\/strong>(geothermal and hydropower)<strong>. <span class=\"TextRun SCXW90079964 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW90079964 BCX8\">Private finance dominated<\/span><\/span> <span class=\"TextRun SCXW90079964 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW90079964 BCX8\">(60<\/span><span class=\"NormalTextRun SCXW90079964 BCX8\">%)<\/span><\/span><span class=\"TextRun SCXW90079964 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW90079964 BCX8\">, <\/span><\/span><\/strong><span class=\"TextRun SCXW90079964 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW90079964 BCX8\">while <\/span><\/span><strong><span class=\"TextRun SCXW90079964 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW90079964 BCX8\">public finance<\/span><\/span> <span class=\"TextRun SCXW90079964 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW90079964 BCX8\">contributed the rest<\/span><\/span><\/strong>. <strong>Variable RE finance (solar and wind) experienced an overall growth <\/strong>from USD 0.03 billion in 2019 to USD 0.68 billion in 2023.<\/li>\n<li><strong>Private financial institutions (FI)<\/strong> were the dominant drivers of power sector financing, contributing <strong>73.72% of total reported investments<\/strong>. Most of this went to <strong>FF (59.25%)<\/strong>. Notable international private financiers funding FF projects include <strong>China (USD 2.48 billion)<\/strong> and <strong>South Korea (USD 1.52 billion)<\/strong><\/li>\n<li>An estimated <strong>USD 10.63 billion<\/strong> (<strong>more than 50%<\/strong>) of coal-fired power plant (CFPP) investments from 2019 &#8211; 2023 were not reported, highlighting <strong>significant data gaps <\/strong>and therefore<strong> likely larger actual coal investment. <\/strong>This is because not all data on Captive CFPP has been officially reported.<\/li>\n<li>Highlighting the overall efficiency of PLN\u2019s energy portfolio, <strong>operational costs per unit of production<\/strong> <strong>of<\/strong> <strong>FF power plants are high<\/strong>, including diesel (IDR 2,541 per kWh), gas (IDR 1,450 per kWh), and coal (IDR 603 per kWh). In contrast, <strong>operational costs per unit of production of PLN\u2019s RE plants are relatively lower<\/strong>, including geothermal (IDR 977 per kWh), hydro (IDR 110 per kWh), and solar (IDR 3,111 per kWh).<\/li>\n<li>The operational costs of CFPP (IDR 603 per kWh) compared to solar power plants (IDR 3,111 per kWh) as recorded in PLN\u2019s reports differ from those observed in the global market (global benchmarking). This discrepancy is influenced by several factors, including the Domestic Market Obligation (DMO) policy and the capacity factor of installed solar power plants:\n<ul>\n<li><strong>Simulation of operational cost<\/strong> <strong>per unit of production for CFPP without the DMO subsidy policy shows a much higher cost<\/strong>, reaching IDR 1,211 per kWh.<\/li>\n<li><strong>PLN has the opportunity to reduce the operational cost per unit of solar power production<\/strong> to IDR 731 per kWh <strong>by increasing the capacity factor<\/strong> of its solar power plants from 4% currently to the average 16% of solar power plants in Southeast Asia.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n<p>\u201cIndonesia\u2019s energy transition is moving forward, but it will depend not only on how much investment we mobilize, but where and how it flows,\u201d remarked <a href=\"https:\/\/www.climatepolicyinitiative.org\/people\/tiza-mafira\/\"><strong>Tiza Mafira<\/strong><\/a><strong>, Director of CPI Indonesia<\/strong>. \u201cThe data shows progress, but still with clear imbalance. Fossil fuel retained the largest share of investment, more than twice that of renewable energy. With transparent and granular data like that in our Dashboard, policymakers and financiers can better target investments to accelerate Indonesia\u2019s transition to a low-carbon future,\u201d Tiza concluded.<\/p>\n\n\n\n<p>Explore the Dashboard here: <a href=\"https:\/\/www.climatepolicyinitiative.org\/dataviz\/indonesia-power-sector-finance-dashboard\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.climatepolicyinitiative.org\/dataviz\/indonesia-power-sector-finance-dashboard\/<\/a>&nbsp;&nbsp;<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jakarta, 31 October 2025 \u2013 Climate Policy Initiative (CPI) launched the updated Indonesia Power Sector Finance Flow Dashboard, revealing that Indonesia\u2019s power sector received a total of USD 38.02 billion or an annual average of USD 7.6 billion in investments during 2019-2023, less than half of the USD 19.4 billion required annually to meet the [&hellip;]<\/p>\n","protected":false},"featured_media":0,"template":"","format":"standard","meta":{"_acf_changed":false},"programs":[],"regions":[156],"topics":[],"collaborations":[],"class_list":["post-101614","cpi_pr","type-cpi_pr","status-publish","format-standard","hentry","regions-indonesia"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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