(Photo: iStock)
To attract more foreign investment in renewable energy projects in Indonesia and accelerate the development of energy transition, Indonesian Minister of Industry, Agus Gumiwang Kartasasmita announced in an official letter in mid-May that the Indonesian government has decided to revoke regulations on the local content requirements (TKDN) within the country’s electricity sector and ease the requirements for the localization of solar module parts.
The country’s Ministry of Energy and Mineral Resources (ESDM) strongly supports this move, believing that it can create opportunities for foreign green investment and accelerate the development of domestic renewable energy.
