Mobilisation of public and private finance to accelerate renewable energy development

Jakarta – Wiluyo Kusdwiharto, Chairman of the Indonesian Renewable Energy Society (METI), said that public and private financing must be mobilised immediately and applied on a large scale to accelerate the development of renewable energy in Indonesia. Therefore, all stakeholders from the government, private sector, state-owned enterprises (SOEs), academics, and civil society organisations need to coordinate.

“METI provides a forum for exchanging ideas on strategic issues that are ultimately expected to contribute to providing solutions, advocacy, and education to accelerate the development of renewable energy in Indonesia,” Wiluyo said in a written release during the opening of the 11th EBTKE ConEx 2023 at the Indonesia Convention and Exhibition (ICE) BSD, Tangerang.

Separately, Indonesia Communication Specialist Firdaus Cahyadi said that the JETP (Just Energy Transition Partnership) funding scheme launched by the government in August should fund community-based renewable energy. The development of large-scale renewable energy development is important, but the development of community-based renewable energy is much more important.

He said some communities in Indonesia are already developing renewable energy, and the efforts of these communities can be a foothold to be replicated and modified in other regions in Indonesia. “Without support for community-based renewable energy, the fairness of the JETP is questionable,” Cahyadi continued.

According to him, the energy transition is not just about shifting energy from fossil to renewable but also about changing the power and governance of energy in Indonesia.

“So far, energy governance in Indonesia is centralised. The energy transition must change energy governance to be decentralised. In addition, energy governance in Indonesia tends to be closed and elitist. The energy transition must change it to be more open and democratic,” said Cahyadi. (Hartatik)

Banner photo: Minister of Energy and Mineral Resources Arifin Tasrif opens the 11th Indonesia EBTKE ConEx 2023, which carries the theme ‘From Commitment to Action: Safeguarding Energy Transition Towards Indonesia Net Zero Emission 2060’ at the Indonesia Convention and Exhibition (ICE) BSD, Tangerang, Wednesday (12/7). (Source: Ministry of Energy and Mineral Resources)

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