Indonesia sees sharp decline in renewable energy investment
Indonesia's investment in renewable energy projects in 2023 is forecasted to reach its lowest level in the past six years, despite the nation's goal to reduce carbon emissions in its power sector.
Terapung Cirata floating solar power plant on a reservoir in West Java province, Indonesia. (Photo: kompas.id)
Hanoi (VNA) - Indonesia's investment inrenewable energy projects in 2023 is forecasted to reach its lowest level inthe past six years, despite the nation's goal to reduce carbon emissions in itspower sector.
According to the Indonesian Ministry of Energy and MineralResources (ESDM), as of the end of November, Indonesia has only attracted 1.17billion USD worth of investment in new and renewable energy, equivalent to 65%of the 1.8 billion USD target set for this year.
This year's target is predicted to be unattainable, even after the Indonesian Governmentrevised it down from the initial goal of 3.91 billion USD.
Fabby Tumiwa, Head of the Institute for EssentialServices Reform (IESR), stated that this year's figure is expected to be thelowest since 2017, partly due to the lack of renewable energy projectsauctioned off in the past two years, while deployment has slowed since 2020.
Indonesia has also aimed to promote rooftop solar energyprojects with a target capacity of 2.14 GW by 2030. However, as of May, thistarget has only reached 95 MW.
Experts also pointed out other obstacles, such as theoversupply situation in the Java-Madura-Bali power grid, making it morechallenging to sell renewable energy in this region. Unfavourable power purchaseagreement terms have also diminished the payment capabilities of theseprojects./.
The Indonesian Government is preparing 1 million hectares of land in Papua for investors interested in building sugar factories, with a view to helping the country achieve sugar self-sufficiency, Agriculture Minister Andi Amran Sulaiman said on December 12.
Indonesian Minister of Tourism and Creative Economy Sandiaga Salahudin Uno has unveiled the country’s target to host up to 14.3 million foreign arrivals next year.
In a bid to attract more investment to the electric vehicle (EV) sector, the Indonesian government has announced new regulations offering tax incentives to automakers planning to establish EV plants.
Indonesia will soon issue a regulation on the utilisation of artificial intelligence (AI), according to Indonesian Minister of Communication and Informatics Budi Arie Setiadi.
Indonesia has received technical assistance from the Asian Development Bank (ADB) worth 37.22 billion Rp (2.4 million USD) to help develop its new capital city Nusantara in North Penajam Paser, East Kalimantan.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
Terapung Cirata floating solar power plant on a reservoir in West Java province, Indonesia. (Photo: kompas.id) 
