Despite major global economies moving away from coal to curb carbon emissions, coal is set to maintain its dominance in Indonesia’s power mix during 2021-30, as a decisive renewable energy policy remains absent.
GlobalData’s latest report reveals that thermal power capacity in Southeast Asia’s largest economy is expected to jump from 59.38 GW (85.6% share of total power mix) to 92.53 GW in 2030. “During 2021-2030, thermal power generation will be dominated by coal-based electricity generation,” said the data and analytics company.
The expansion of renewable power in Indonesia has been relatively small compared to neighboring Southeast Asian countries. In 2000, renewable power capacity in Indonesia stood at 1.3 GW, which increased to 4.3 GW in 2020. Renewable power capacity is expected to expand at a CAGR of 12.5% to hit 14.9 GW in 2030, reckons GlobalData.
“Indonesia is expected to produce 62.2 TWh of its electricity from renewable sources in 2030, which will only be around 13% of the total power generation in the country,” reported the company…Full Story