DESIGNING PROJECT FINANCING RENEWABLE ENERGY SYSTEM IN EASTERN INDONESIA: COMPATIBILITY CASE STUDIES ADAPTING TO EUROPEAN AND OTHER REGIONS
Presently, the implementation of renewable energy finance in Indonesia is partial and has potential to be more structurised and systematic. Indonesia have objectives to incorporate 23% renewables in the energy mix by 2025 and 31% by 2050. Meanwhile, renewable energy sources are vital for Europe’s 2030 energy transition goals energy. As an example, the share of United Kingdom (UK) renewable energy utilisation has risen from below 2% in 1990 to 33% in 2018. With this reputation and its renewable energy output, the UK is placed as top renewable energy generating countries in the world with wind power is the main contributor to its renewable energy production. Currently, Scotland can produce enough renewable energy to power all its homes and businesses to have less dependency in any fossil fuel needs. The study will highlight the analysis of project financing structure and infrastructure renewable energy system which have been implemented and tested successfully in Europe and UK region and can be adapted and is compatible with system in Indonesia for the aim of competitiveness of levelised cost of renewable energy system.
Dr Mark Hull
Dr Joanne Porter