Indonesia's Attractiveness for Renewable Energy Investment Remains Low in ASEAN

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Adi Ahdiat 04/12/2024 18:55 WIB

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According to BloombergNEF research, Indonesia's attractiveness for renewable energy investment remains relatively low in ASEAN, lagging behind the Philippines, Thailand, Singapore, Malaysia, and Vietn

ASEAN Countries' Attractiveness Score for Renewable Energy Investment (2024)

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ASEAN Countries' Attractiveness Score for Renewable Energy Investment (2024)

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Indonesia's attractiveness for renewable energy investment remains relatively low compared to neighboring countries.

This is evident from the *Climatescope 2024 Emerging Markets Power Factbook* report released by BloombergNEF.

BloombergNEF measures the attractiveness of developing countries for renewable energy investment using various assessment indicators.

The main indicators are government policies, market potential, and the experience of industry players related to renewable energy development in each country.

The assessment results are then processed into a score on a scale of 0-5 points. The higher the score, the better a country's readiness to receive energy transition investments is assumed to be.

In 2024, Indonesia scored 2.01 out of 5 points, lower than the Philippines, Thailand, Singapore, Malaysia, and Vietnam.

According to BloombergNEF's assessment, in 2024 Indonesia already had fairly strong policies supporting renewable energy investment (a score of 3.17 out of 5 points).

However, Indonesia received very low scores in terms of market potential (0.97 out of 5 points) and experience (0.71 out of 5 points).

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Indonesia's Attractiveness for Renewable Energy Investment Remains Low in ASEAN

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