Investment in the power sector is needed for the energy transition

Investment in the power sector is needed for the energy transition

In the SDG scenario, the investment requirement would be IDR 203 trillion (US$14 billion) annually i.e., IDR 2,030 trillion (US$140 billion) by 2030. The investment requirements for Indonesia’s SDG scenario is explained: access to electricity requires zero additional funding, and by switching to an offgrid solar home system with battery storage for rural electrification Indonesia can save IDR 0.4 trillion (US$ 30 million) by 2030. Access to clean cooking fuels and technologies requires additional investment of IDR 9.77 trillion (US$ 688 million) by 2030. Renewable energy investments in the power sector would be IDR 2,473 trillion (US$174 billion) by 2030. Achievement of energy efficiency will provide a net financial saving (excluding electric vehicles) of more than IDR 460 trillion (US$32 billion) by 2030 and will help reduce the overall investment needed.