Indonesia's Renewable Power Capacity to Reach 38.1GW by 2035, Led by Solar and Geothermal Energy Growth

Indonesia's renewable power capacity is expected to reach 38.1GW by 2035, up from 8.4GW in 2024, with a compound annual growth rate of 14.7%. Solar PV capacity will surge from 0.9GW to 23.2GW, onshore wind capacity will rise from 0.15GW to 2.6GW, and geothermal capacity will expand from 2.6GW to 5.5GW. Despite robust renewable growth, Indonesia's power mix will remain dominated by thermal sources in 2035 due to the country's vast domestic coal reserves and low generation costs.