MPR Deputy Speaker affirms Indonesia’s energy transition commitment

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2 hours ago

Jakarta (ANTARA) – MPR Deputy Speaker Eddy Soeparno, speaking on behalf of Indonesia at the Global Finance Summit 2026, affirmed President Prabowo Subianto’s commitment to accelerating the energy transition.

Eddy said in a statement received in Jakarta on Saturday that Indonesia has great opportunities to attract global investment in the clean energy sector.

He cited the results of meetings with eight to nine international financial institutions at London Climate Action Week 2026, which identified potential investment of around US$1 billion for renewable energy projects in Indonesia with a capacity of up to 1.2 gigawatts (GW), especially floating solar power plants.

“Investor interest in Indonesia’s energy sector is very large. The challenge is ensuring projects can start soon through certainty on PPAs, faster approval processes, and a legal and policy framework that gives investors confidence,” Eddy said.

On the occasion, he also presented the 100 gigawatt peak (GWp) solar power plant program, one of President Prabowo’s strategic agendas.

The program, he said, requires investment of around US$100 billion, with around 70 percent, or US$70 billion, expected to come from private investors and Independent Power Producers (IPPs).

According to Eddy, the program has strategic benefits for the national economy. Besides strengthening energy security, building the 100 GWp solar power plants is estimated to save around Rp73.9 trillion in electricity subsidies per year, reduce diesel consumption by up to 6 million kiloliters, and drive the development of a domestic solar panel manufacturing industry with a capacity of 50 GW per year.

Eddy also presented plans to build a Super Grid of up to 48,000 kilometers as an important requirement for connecting renewable energy hubs with areas of high electricity demand.

Transmission network investment needs are estimated at US$2.7 billion per year, while realization in 2025 was only around US$1.02 billion.

“This investment gap in power grid infrastructure is a big opportunity for private capital to enter. Indonesia will strive to present bankable investment models, clear division of responsibilities, and strategic partnerships with global investors,” he said.

According to him, the success of an energy transition financing platform must be measured by how many projects actually materialize and reach financial close.

“Investment commitments must be translated into running projects, with financing schemes that can be replicated,” Eddy said.

Eddy hopes the Global Finance Summit 2026 forum can strengthen international investors’ confidence in Indonesia’s clean energy prospects.

He stressed that collaboration among the government, parliament, the private sector, and global financial institutions is key to accelerating the energy transition while opening new economic growth opportunities for Indonesia.