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.

Does Indonesia have a potential for solar energy?

Cirata Reservoir floating solar power plant. Source: Solar Industry Indonesia has significant potential for solar energy. However, it has remained largely untapped. The country's 2030 and 2060 decarbonisation goals heavily rely on the industry's rapid expansion. The capacity of solar energy in Indonesia is steadily climbing.

Could foreign companies be involved in Indonesia's solar power growth?

The project was a joint venture between Indonesia’s state utility company and Masdar, a United Arab Emirates-based renewable energy company. It highlights the potential for foreign companies to be involved in Indonesia’s solar power growth and signals a favourable regulatory and economic climate for investors.

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.

Can Indonesia benefit from floating solar power plants?

Indonesia can reap the potential for investment and low-emission electricity from floating solar power plants with the support of definitive and binding regulations from the government.

Can Indonesia harness solar energy?

While solar energy capacity is increasing in Indonesia, the current installed capacity is just a fraction of the potential capacity of solar power development. As a nation that straddles the equator, it gets direct, high-intensity solar irradiance, putting it in an ideal position to harness solar energy.