Indonesia's development pace in the field of renewable energy is facing severe challenges, and the target of renewable energy installed capacity by the end of this year may be significantly missed. According to the latest data from the Indonesian Ministry of Energy and Mineral Resources, as of August this year, Indonesia's new investment in renewable energy was only 580 million US dollars, only 47% of the annual target of 1.23 billion US dollars, indicating that its progress in this field is far behind expectations.

Enia, Director of the Renewable Energy Department of the Ministry of Energy and Mineral Resources, admitted that although Indonesia's national power company has formulated ambitious plans to build 8.2 gigawatts of renewable energy power plants by 2025, the total power generation of current projects under construction is only 5.844 gigawatts, far from the target. This data reveals a huge gap in Indonesia's achievement of renewable energy development goals, and has also triggered a profound reflection on current policies by the industry and experts.

Putra, director of the non-profit think tank Energy Shift Institute, pointed out that although a large number of investors have shown strong interest in renewable energy projects in Indonesia, the lack of clear project timelines and strong policy support has become an important factor hindering investment implementation. He emphasized, "The government should focus on short-term goals, clarify specific projects that can be achieved in the next 12 to 24 months, and provide investors with a stable policy environment and clear expectations

In addition to the unclear project schedule, the pricing issue of renewable energy is also one of the key factors restricting its development. Experts point out that due to the relatively high cost of renewable energy electricity, it is difficult to compete with the cheap electricity provided by coal-fired power plants, leading investors to hesitate when making decisions. In addition, the inability of Indonesia's national power company to independently increase electricity bills further limits the construction progress of renewable energy power plants.

Faced with these challenges, the Indonesian government needs to take more proactive and effective measures to promote the rapid development of renewable energy. On the one hand, the government can introduce more attractive incentive policies, such as providing tax incentives, subsidy support, etc., to reduce the economic burden on investors; On the other hand, the government should also strengthen cooperation with international financial institutions and strive for more external funding support to accelerate the implementation of renewable energy projects.

At the same time, the Indonesian government should strengthen the research and promotion of renewable energy technologies, improve the efficiency and economy of renewable energy utilization. Through technological innovation and industrial upgrading, gradually reduce the cost of renewable energy generation and enhance its competitiveness in the energy structure.