Indonesia Renewables Q1 2020
We forecast non-hydropower renewables capacity in Indonesia to grow by an annual average of 5.0% between 2019 and2028, to reach under 6.5GW by 2028. Geothermal and biomass will continue to dominate the sector, although there are someopportunities for growth in the solar and wind segments. That said, we believe the sector will continue to face some headwinds asthe investment and financing climate remains weak, alongside policy and regulatory uncertainties, which could limit marketgrowth.
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