Indonesia has reached a new milestone in its journey to achieve net-zero carbon emissions by 2060. To achieve that, as stated in the country’s Nationally Determined Contribution (NDC), Indonesia has established the development of clean energy sources as a national policy directive, where collectively, these policies will eventually put the country on the path to decarbonization.The Energy and Mineral Resources Ministry, through state utility firm PLN’s newest 10-year electricity procurement plan (RUPTL), has made new and renewable energy the priority energy source for new power plants to be built in the next 10 years. The 2021–2030 RUPTL, does not approve of any new coal-fired power plants (PLTU) and only allows the completion of plants that are already under construction or have reached their financial close. PLN plans to start replacing its coal-fired and gas-fired power plants with new and renewable energy (EBT) power plants in 2025. This opens up a huge opportunity for Indonesia’s future in harnessing renewable energy and it has appealed to foreign countries to invest in developing the sector.
Like Indonesia, China has pledged to peak emissions by the end of the decade and deliver a carbon-neutral society by 2060. Not only that, China also promised not to export emissions abroad, with President Xi Jinping promising to stop investing in coal power plants abroad. That would be a gamechanger in renewable energy investment, considering that China is the biggest investor in Indonesia’s PLTUs, being involved in 70 percent of PLTUs, with US$9.3 billion in investments in 2000-2019.
For several years, China has been at the center of global supply and demand for renewable energy, leading it to account for about 40 percent of capacity growth from 2015 to 2020. China, Europe, the United States and India accounted for 80 percent of global capacity growth for the period and are projected to increase that hold to 87 percent between 2021 and 2026. China’s capability in renewable energy, however, has yet to tap into the huge opportunity in Indonesia’s renewable energy sector. With Indonesia’s and China’s target to reach carbon neutrality by 2060, the two countries can work together to help reach each other’s goals. Therefore, there needs to be a platform to help connect China’s renewable energy (RE) investors and financiers with the need and opportunity in Indonesia’s renewable energy sector.
Looking at the shifting policies, Tenggara Strategics, again, with CSIS and the Indonesian Embassy in Beijing will host China RE Invest Indonesia 2022 to maintain the momentum of high interests among RE investors from China, update the investors on the latest development of Indonesia’s drive toward renewable energy and connect more RE investors and financiers from China with project owners in Indonesia. A total of 441 participants from 330 institutions attended China RE Invest Indonesia 2021.
China RE Invest Indonesia is a multi-stakeholder platform established by Tenggara Strategics, in cooperation with the Centre for Strategic and International Studies (CSIS), to bring together the Indonesian Embassy in Beijing, the Energy and Mineral Resources Ministry, the Investment Coordinating Board (BKPM), PLN and energy companies from Indonesia and China.
China RE Invest Indonesia includes a panel discussion on fossil fuel phase-out and RE investment opportunities in Indonesia, and two sessions on solar energy and wind energy that Chinese companies have the edge to offer.
May 19, 2022
09:15 - 10:15 am (Beijing Time)
08:15 - 09:15 am (Jakarta time)
May 19, 2022
10:15 - 11:15 pm (Beijing Time)
09:15 - 10:15 am (Jakarta time)
May 19, 2022
11:15 - 12:15 pm (Beijing Time)
10:15 - 11:15 am (Jakarta time)
Ambassador of the Republic of Indonesia to the People’s Republic of China and Mongolia
Senior Fellow CSIS, Former Indonesian Ambassador to the UK and Ireland, Designate Executive Director of the forthcoming Indonesian Centre for Contemporary China Studies
Speakers and Moderators
Director General of New, Renewable Energy and Energy Conservation (EBTKE)
Deputy Investment Minister/BKPM for Investment Planning
Acting Director General of International Cooperation of China National Energy Administration
Executive Vice President Electricity System Planning PLN
Director of Centre for Green Industry (CGI), Ministry of Industry
LEN industry business strategy & portfolio director
Chairman of the Indonesian Solar Energy Association (AESI)
Strategic Advisor to CEO and Chief Technology Officer of Digital Power Business Unit of PT. Huawei Tech Investment
Indonesia Country Manager of LONGi
Manager of Variable Renewable Energy of IPP Project at PT.PLN
Vice Chairman of the Indonesian Wind Energy Association (AEAI)
CEO of Pondera Consult/PT Hywind Energy Solution
Deputy General Manager of Asia Center, Goldwind Energy
Head of the Economic Department, CSIS
Executive Director Tenggara Strategics
CEO of PT Solardex Energy Indonesia
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