UK investors reportedly eye Indonesian solar


Quite how much of a report in an Indonesian newspaper about UK investors stumping up $4 billion into renewable energy in the south east Asian nation is wishful thinking is unclear, given the lack of supporting detail.

A report in the Jakarta Globe on Tuesday referred to a statement released by the body responsible for generating foreign investment, made the same day.

According to Indonesia's Investment Co-ordination Board (BKPM), UK investors are preparing to invest in more than 10 GW of solar in the nation as well as funding offhsore tidal projects.

The report quoted BKPM official Himawan Hariyoga whose job, perhaps tellingly, is concerned with promoting Indonesia's investment opportunities and was supported solely by a statement from the Scottish government's economic development agency confirming Scottish Development International will visit Jakarta in November to discuss energy, oil and gas investment.

The Jakarta Globe report stated renewable energy accounts for IDR 486 trillion ($37 billion), around a third of the IDR 1.6 quadrillion ($121.8 billion) worth of investment driven by the BKPM from 2010-14.

The investment agency is aiming to generate $56 billion worth of foreign investment in renewables by 2019, perhaps by making optimistic announcements about UK investors.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.