Hosted By
Supported By
Indonesia is seeking to revitalize some of its carbon-based power plants such as coal-fired, gas-fired and diesel-fired power plants with cheaper and reliable new sources of power. This has been iterated by the government by setting an ambitious target to shift the country’s electricity production towards more renewable sources. The General Planning for National Energy (RUEN) and General Planning for National Electricity (RKUN) stipulates that Indonesia must reach 23 percent primary energy mix from renewable energy sources by 2025. With less than five years to fulfill the target, shifting towards renewable energy requires more than just national and domestic efforts.
At the same time, China is facing global pressure to commit to carbon neutrality. Chinese President Xi Jinping has made a statement in 2019 that the Belt and Road Initiative (BRI) that China’s multibillion-dollar global infrastructure development projects, must be green and sustainable while vowing to make China carbon neutral by 2060. As one of world’s leaders in technology and finance, the country has advanced its technologies in renewable energy sectors. Chinese renewable energy companies are now renowned for their technology, such as in solar, hydro, and wind powers. In line with the government’s agenda, these companies have also expanded and invested abroad.
What China has in terms of renewable energy technology and more advanced financing capability, aligns with the urgency to improve the implementation of renewable energy sources in Indonesia. The situation offers Indonesia a promising opportunity to realize its renewable energy target and potentials. Simultaneously, Indonesia presents a lucrative market with growing population and needs for electricity from renewable energy sources.
In light of this circumstance, CSIS Indonesia and Tenggara Strategics have teamed up with the Embassy of Indonesia (KBRI) in Beijing, the Indonesian Investment Coordinating Board and the Directorate General of New, Renewable Energy and Energy Conservation at the Ministry of Energy and Mineral Resources, to help Indonesian renewable energy players and stakeholders to realize some of the potential collaborations with Chinese counterparts through RE Invest Indonesia.
Chinese RE Invest Indonesia is a platform that aims to facilitate dialogues between Indonesian stakeholders and players, and private enterprises from China. It is our goal to improve bilateral relations between Indonesia and China in renewable energy and mobilize real investments into the sector. In China RE Invest Indonesia, two sessions on solar energy and wind energy sectors, of which China is renowned as, will be convened.
Ambassador of the Republic of Indonesia to
the People’s Republic of China and Mongolia
Vice Minister for Foreign Affairs of the Republic of Indonesia
May 25, 2021
08.00 - 09.30 am (Jakarta time)
09.00 - 10.30 am (Beijing time)
May 25, 2021
09.30 - 10.30 am (Jakarta time)
10.30 - 11.30 am (Beijing time)
May 25, 2021
10.30 - 11.30 am (Jakarta time)
11.30 - 12.30 pm (Beijing time)
Past event(s)
April 20, 2021 | 08.00 - 10.00 am
Jakarta Time
June 22, 2021 | 12.00 - 15.30 pm
Jakarta Time
Speakers and Moderators
Director General of New, Renewable Energy and Energy Conservation (EBTKE)
Investment Coordinating Board (BKPM) deputy chairman for Investment Planning
PT PLN director of Mega Project and New and Renewable Energy
Vice president of Sinohydro engineering Bureau 15 Co., Ltd
Director of Other New and Renewable Energy, Energy and Mineral Resources Ministry
Vice chairman of the Indonesian Wind Energy Association (AEAI) and Independent energy business consultant
Vice President of China Gezhouba Group International Engineering Co.,Ltd & Secretary General of IIARE
President director of PT Medco Power Indonesia
Chairman of Indonesian Solar Energy Association (AESI)
Director of business strategy and portfolio of PT Len Industri (Persero) and chairman of Indonesian Solar Panel Producers Association (APAMSI)
Vice President of Taizhou Jolywood
Head of department of economics, CSIS
Independent Journalist
CEO of Solardex Energy Indonesia
Past event(s)
April 20, 2021 | 08.00 - 10.00 am
Jakarta Time
June 22, 2021 | 12.00 - 14.30 pm
Jakarta Time
Contact Us
Whatsapp: +62811 9966 083 | E-mail: info@reinvest.id
Session I: RE Investment opportunities in Indonesia
Indonesia offers big potentials for Chinese RE investors to achieve the country’s ’s target of reaching 23% RE in primary energy mix by 2025. The contribution of RE to Indonesia’s energy mix currently stands at 11.2 percent, consisting of 7.38 percent electricity and 3.82 non-electricity, which is still far from the target. Indonesia has the potential to generate 418 gigawatts (GW) of electricity by using renewable energy, but only 10.4 GW or 2.5 percent is being utilized. The government has expressed its commitment to the energy transition, including by replacing 5,000 diesel power plants with a combined capacity of 2 GW with renewable energy. South Korean RE investors, with its strong edge in energy storage systems and solar energy, could participate in Indonesia’s RE development to achieve its ambitious target of 23 percent by 2025.
Speakers
Director General of New, Renewable Energy and Energy Conservation (EBTKE)
Investment Coordinating Board (BKPM) deputy chairman for Investment Planning
PT PLN director of Mega Project and New and Renewable Energy
Vice president of Sinohydro engineering Bureau 15 Co., Ltd
Moderator
Head of department of economics, CSIS
Session II: Wind Energy
After solar, wind energy is the least developed renewable energy sector in Indonesia. From 2013 to 2017, the country only had 1.46 MW of installed wind power capacity. That number jumped to 143.51 MW when PT UPC Sidrap Bayu Energy built the first commercially operated wind power plant in Sulawesi. Despite the significant increase, the number is still far below the 60 gigawatts of wind energy potential estimated by the Energy and Mineral Resources Ministry. Indonesia's diverse archipelagic landscape is reportedly the primary challenge to developing utility-scale wind farms.
With the country's target of producing 23 percent of its primary energy from renewable sources nearing the 2025 deadline, however, the government is reportedly attempting to utilize the underdeveloped wind sector. The collaboration between the government and PT UPC Sidrap Bayu Energy in Sidrap and PT UPC Renewables Indonesia in Jeneponto serve as recent evidence. What has been done to invigorate wind energy development? How should the government coax the regulatory ecosystem so that investors would want to take part in the plan regardless of Indonesia's challenging geographic landscape?
Speakers
Director of Other New and Renewable Energy, Energy and Mineral Resources Ministry
Vice chairman of the Indonesian Wind Energy Association (AEAI) and Independent energy business consultant
Vice President of China Gezhouba Group International Engineering Co.,Ltd & Secretary General of IIARE
Moderator
Independent Journalist
Session III: Solar Energy
Indonesia, with 17,000 islands spanning along the equator line and the ring of fire, possesses enormous solar and geothermal energy potential. The solar irradiation is available at a stable level all year long, bringing more than 200 GW energy potential. However, investments in solar power plants are still limited. From 2011 to 2018, solar-powered electricity only grew to 25 MW from roughly 1 MW. Indonesia has a high chance to increase its solar-based power generation substantially since solar projects can be done both at small and utility scale, involving not only big corporates, but also small and medium enterprises. Furthermore, it is more suitable to Indonesia’s archipelagic landscape, that has been facing electricity infrastructure challenges. This situation presents opportunities for companies and investors to tap into Indonesia’s attractive solar power generation sector.
How can solar energy sector help the country achieve its ambitious target of 23 percent of renewable energy in the national energy mix by 2025? What can we do to improve community participation in partaking in the transition to renewable energy? This session will convene stakeholders and industry players from Indonesia and China to address the most pressing issues around developing and investing in Indonesia’s solar energy sector, discuss how collaborations between local stakeholders and potential investors could raise the standards of solar projects so that they are investment-worthy, and tackle the problems that have been hindering investment realization into the promising sector.
Speakers
President director of PT Medco Power Indonesia
Chairman of Indonesian Solar Energy Association (AESI)
Director of business strategy and portfolio of PT Len Industri (Persero) and chairman of Indonesian Solar Panel Producers Association (APAMSI)
Vice President of Taizhou Jolywood
Moderator
CEO of Solardex Energy Indonesia