Indonesia Relaxes Local Content Rules to Spur Green Energy Investments

Quick Summary:

The country's local content requirements are one reason for the slow progress of the $20 billion Just Energy Transition Partnership.

In August of last year, Scot Marciel, who served as U.S.ambassador to Indonesia from 2010-2013, argued in The Diplomat that JETP offered a golden opportunity for Indonesia to speed its transition to green energy, and make itself a more attractive destination for foreign investment.

Under Industry Ministerial Regulation No.54/2012, solar power projects are subject to a local content requirement of 40 percent; hydropower plants must have at least 50 percent local, and geothermal plants a minimum of 30 percent.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Sebastian Strangio

Category: Economy

Markets: United StatesAfghanistanChinaDenmarkHong KongIndonesiaJapanMongoliaNorwayPakistanThailandVenezuelaVietnam

Topics: Local Transition Renewable Regulation Power Development Content Energy Solar Government Indonesia

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 10:14:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 1678 words

Reading Time: 10 minutes read

Sentences: 60 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 21985575

View Article Analysis

About The Diplomat

Main Topics: Economy

Official Website: thediplomat.com

Update Frequency: 2 posts per day

Year Established: 2001

Headquarters: United States

News Last Updated: 20 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #70

Publisher Details

Frequently Asked Questions