Indonesia Power Sector Finance Dashboard (2019-2023)

The Indonesia Power Sector Finance Dashboard (2019-2023) analyzes investment trends in renewable energy (RE) and fossil fuel (FF) power plants, highlighting a significant funding gap for 2030 climate targets and a continued reliance on fossil fuel investments, particularly for industrial captive power.

• Indonesia faces a substantial investment gap to meet its 2030 climate targets, requiring approximately $19 billion annually (totaling $246 billion) to achieve these goals. Currently, there is a gap between the $9.1 billion in annual RE finance needed and the $1.79 billion actually invested per year.
• Investment in fossil fuels (FF) is significantly larger than in renewable energy, with international private financial institutions acting as the largest contributors, providing $7.2 billion or 55% of total FF investment.
• Actual investment in coal was likely higher than reported data suggests, with an estimated $10.63 billion in unreported investment corresponding to 6,765 MW of coal-fired power plants (CFPPs) not captured in reported data between 2019 and 2023.
• Captive power investments, which account for 43% of total investment, are heavily skewed toward fossil fuels to support Indonesia's 'down-streaming' policy for energy-intensive nickel processing. While a Presidential Regulation generally bans new coal plants, it allows an exception for these industrial captive plants.
• Renewable energy investment is concentrated in baseload types like hydro and geothermal, with 55% derived from domestic sources. Variable RE (solar and wind) began growing in 2021 following a 2022 procurement policy, though PLN-owned solar plants are currently inefficient and costly due to low capacity factors caused by curtailment or low operational efficiency.

APA

Climate Policy Initiative (2025). Indonesia Power Sector Finance Dashboard (2019-2023). https://www.climatepolicyinitiative.org/dataviz/indonesia-power-sector-finance-dashboard/

Chicago

Climate Policy Initiative. Indonesia Power Sector Finance Dashboard (2019-2023). 2025. https://www.climatepolicyinitiative.org/dataviz/indonesia-power-sector-finance-dashboard/.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=Indonesia Power Sector Finance Dashboard (2019-2023) |date=10 November 2025 |url=https://www.climatepolicyinitiative.org/dataviz/indonesia-power-sector-finance-dashboard/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2025indonesia, author = {{Climate Policy Initiative}}, title = {{Indonesia Power Sector Finance Dashboard (2019-2023)}}, institution = {Climate Policy Initiative}, year = {2025}, month = nov, url = {https://www.climatepolicyinitiative.org/dataviz/indonesia-power-sector-finance-dashboard/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }