At the recently concluded G20 summit, Indonesia's new president Prabowo Subianto announced that Indonesia has pledged to build more than 75GW of renewable energy projects in the country and stop operating coal-fired power plants and all fossil fuel power plants in the next 15 years. In addition, the country also plans to achieve net zero emissions by 2050, mainly relying on renewable energy and biodiesel.

During the COP29 meeting, Indonesia's Special Envoy for Energy and Climate Change Hashim Djojohadikusumo said that the government plans to add 100GW of energy capacity by 2040, of which 75% will come from renewable energy, including 25GW of hydropower, 27GW of solar, 15GW of wind, 7GW of geothermal energy and 1GW of biomass.

PT PLN, Indonesia's state-owned power company, has been given the responsibility of implementing 75GW of renewable energy capacity. This batch of projects requires an investment of at least US$235 billion, including the construction of transmission lines from the islands to demand centers.

Under the Indonesia Just Energy Transformation 2023 Plan (JETP), Indonesia plans to install around 265GW of solar PV capacity to ensure net zero emissions in the power sector by 2050.