Taiwanese investors may soon set up renewable energy projects in Indonesia.
A delegation of investors from Taiwan recently met the officials of the Indonesian Chamber of Commerce and Industry and the Indonesian government to discuss an investment plan in the renewable energy sector. Taiwan Vice Minister of Economic Affairs Wei-Fuu Yang said that investors from his country are planning to invest in solar power and biogas sectors in Indonesia.
Over the last few months the government has taken several measures to promote investment in the renewable energy sector, including the implementation of a single-window approval system.
Indonesia plans to boost the share of renewable energy sources in the total energy mix to 19% by 2019 and to 25% by 2025, up from its current share of renewable energy sources of between 5% and 6%.
Indonesia recently announced feed-in tariffs for solar PV power projects in the range of US¢14.5/kWh and US¢25.0/kWh. The tariff vary from region to region. Java and Sumatra have been assigned the lowest tariff of less than US¢20.0/kWh but the levellised cost of energy is even lower at around US¢8.8/kWh.