Managing Director of Investment Holding BPI Danantara, Stefanus Ade Hadiwidjaja, stated that renewable energy mix projects offer investment opportunities of up to USD 200 billion, or around IDR 3,295 trillion (exchange rate: IDR 16,480/USD). The investment is needed to develop solar, hydro, waste-to-energy, biomass, battery energy storage systems, and other renewable energy projects. 

“The investment opportunity required as capital to achieve this ambitious target reaches nearly USD 200 billion,” said Stefanus in his keynote speech at the Katadata Sustainability Action for The Future Economy (SAFE) 2025, in Jakarta, Thursday, September 11. 

Stefanus’ remarks were in response to the government’s ambitious plan to achieve a renewable energy mix capacity of 42.6 GW by 2034.  

This investment opportunity will be leveraged by Danantara through collaboration with private companies, state-owned enterprises (SOEs), as well as domestic and global investors. 

Large-scale renewable energy development is one of Danantara’s six main investment themes.  

“We will execute this within the next one to two years,” Stefanus said.  

Given Indonesia’s limited timeframe, Stefanus emphasized that Danantara will begin investing immediately. One of the projects in the pipeline is waste-to-energy (WTE), converting waste into electricity. 

Previously, Danantara CEO Rosan Roeslani mentioned that the tender process for WTE projects will soon take place in several regions, including Jakarta, Bandung, Bali, Semarang, Surabaya, and Makassar. The energy and waste management sector is among the 33 strategic projects Danantara is set to pursue. 

This article is published in partnership with Katadata 

Original article here