Renewable Energy Gathers Power as Indonesia Mulls Fixed Price Increases

The Indonesian government is mulling a regulation which would guarantee annual price increases for renewable power producers, as part of its attempt to boost renewable power development and reduce dependency on fossil fuels.

The government targets renewable energy — from geothermal, wind, solar, ocean wave and hydro — to account for about a fourth of its energy mix in the next four years, as part of the country’s commitment to cut greenhouse gases.

However, a recent decline in global oil price means that the renewable sources may become less economical than the fossil fuels, stunting development in the sector.

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Posted December 10, 2015 by repit in News

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