Indonesia Renewables Report

Published 27 February 2015

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Indonesia Renewables Report

BMI View: Our bullish outlook for renewable energy in Indonesia is based on a number of key fundamentals. These include the pressing need to meet growing electricity demand across the country (particularly in off-grid remote areas), the government's strong commitment to diversifying the power mix through the adoption of renewable energy and Indonesia's significant geothermal and solar energy potential - stemming from favourable geographic characteristics.

Growth will occur across the spectrum of renewable energy technologies in 2015, with opportunities for project developers and equipment manufacturers in solar, geothermal, wind and biomass energy. Our long-term outlook for the Indonesian renewable energy sector remains bullish as we continue to see solid fundamentals for growth. We forecast non-hydropower renewable generation to grow by an average of 8.1% per annum between 2015 and 2024, which is higher than our growth forecasts for conventional generation sources.

Key T rends And Developments

  • French firm Alstom signed a EUR61mn deal with Indonesian state-owned oil and gas company Pertamina's subsidiary, Pertamina Geothermal Energy, to build a 30MW geothermal power plant in Karaha, western Java, in February 2015. The turnkey facility forms part of the subsidiary's plans for eight geothermal projects in the country, with a combined capacity of 655MW. Alstom will design, supply, install and commission the project, expected to be completed by end-2016.

  • In December 2014, Pertamina Geothermal Energy awarded an EPC contract to Japan-based trading firm Sumitomo Corp for Units 5 and 6 at the Lahendong geothermal area, North Sulawesi. The units, which will have a combined capacity of 40MW, are expected to go online in 2016 and 2017.

  • Supreme Energy Rantau Dedap (SERD) - a consortium of Supreme Energy, GDF SUEZ and Marubeni Corporation - reached financial close on the 240MW Rantau Dedap Geothermal Project in South Sumatra in November 2014. A USD50mn...

Table of Contents

BMI Industry View
Industry Forecast
Indonesia Renewables Forecast Scenario
Table: Indonesia's Total Electricity Generation, Data And Forecasts, 2012-2017
Table: Indonesia's Total Electricity Generation, Long-Term Forecasts, 2018-2023
Table: Indonesia's Electricity Generating Capacity, Data And Forecasts, 2012-2017
Table: Indonesia's Electricity Generating Capacity, Long-Term Forecasts, 2018-2023
Indonesia Renewables Projects Database
Table: Indonesia Major Projects - Renewables
Industry Risk Reward Ratings
Indonesia Renewables Risk/Reward Ratings
Market Overview
Sustainable Energy Policy And Infrastructure
Targets (Renewables And Emissions)
Table: Renewable Feed-In Tariffs In Indonesia, 2013
Competitive Landscape
Perusahaan Listrik Negara (PLN)
Origin Energy
Tata Power
Table: Glossary Of Terms
Methodology And Sources
Industry Forecast Methodology
Risk/Reward Ratings Methodology
Table: Renewables Risk/Reward Rating Indicators
Table: Weighting Indicators

The Indonesia Renewables Report researched at source contains BMI Research's assessment of the current renewables market in Indonesia. The report also contains historical data together with forecasts to end-2018 covering electricity generation (TWh) and electricity capacity (MW).

The renewables sectors covered in the report include Wind, Solar, Geothermal, Tidal and Wave, and Biomass (See Table of Contents for exact coverage). The report also features details on government green energy agendas and funding opportunities, as well as presenting a detailed list of key renewables projects currently being planned or undertaken in Indonesia, their capacity, the timeframe of construction and their current status.

The report discusses the various energy policies currently in force, including targets, subsidies and the relevant infrastructure developments or limitations which might impact on renewables growth, analysing the potential effects of regulatory changes in conjunction with the background macroeconomic outlook. Finally, there is a general overview of the competitive landscape in Indonesia, together with a detailed summary of the main utilities and manufacturers present and their business operations.

BMI's Indonesia Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the Indonesia renewables industry.

Key Benefits

  • Benchmark BMI's independent renewables industry forecasts for Indonesia to test other views - a key input for successful budgeting and planning in the renewables market.
  • Target business opportunities and risks in the Indonesia renewables sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in the country.


BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering the renewables market in Indonesia, regulatory changes, major investments and projects and significant multinational and national company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the renewables sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2010-2012) and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual renewables sector present in the country.

These in turn are broken down into:

Electricity Generation: Overall capacity (TWh), growth % change year-on-year, KWh per capita, % of Total Non-Hydropower renewables generation, % of total electricity generation.

Electricity Capacity: Overall capacity (MW), growth % change year-on-year, % of non-hydroelectric renewables capacity and % of total capacity.

These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast.

Business Environment Rankings

BMI's Renewables Business Environment Rankings provide fully comparable Risk-Reward Rankings aimed at investors in the regional renewables market.

The rankings methodology makes sophisticated use of various industry, economic and demographic data point.

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'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc