Green Energy

• Indonesia’s state-owned power utility, PLN, plans to expand fossil fuel generation by more than 20% by the mid-2030s, prioritizing gas and coal plants while delaying large-scale renewable rollouts until the early 2030s.
• PLN’s latest supply blueprint signals a fossil-fuel-heavy strategy, with strict rooftop solar caps, no mention of early coal plant retirements, and ambitious plans for gas expansion despite financing challenges.
• The utility aims to add 69.5 GW of new capacity over the next decade, more than 60% of which will come from renewables, but faces skepticism after consistently underdelivering on past clean energy promises.
• Analysts warn PLN’s plan risks stalling Indonesia’s energy transition, as fossil fuel demand rises and regulatory barriers slow renewables despite their falling costs and investor interest.

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