With about 40% of the world’s geothermal reserves being located below the surface of Indonesia, the country is estimated to contain the world's largest geothermal energy reserves and therefore contains huge potential for this renewable energy source. However, this potential remains largely untapped.
Indonesia has been slow out of the blocks in developing renewable sources of energy, but the country’s natural potential is enormous. In an effort to reduce costly oil imports, the government has begun to raise fuel and power prices to promote the development of alternative sources of energy.
An advantageous geographic position on the equator has long afforded Indonesia with immense potential for solar energy. With the country’s solar energy industry ready to begin a concerted expansion effort led by the government and state owned enterprises, demand for locally manufactured components such as solar panels is set to boom.
Contribution to GDP: 11% (Q3 2015)
Oil & Gas Imports: $22.8 billion USD (Jan-Nov 2015)
Proven Oil Reserves: 3.7 billion barrels (2015)
Proven Gas Reserves: 101 trillion cubic feet (2015)
Proven Coal Reserves: 28 billion tonnes total reserves (2015)
Proven Potential in Geothermal Energy: 29 GW
Proven Potential in Hydropower: 75 GW
Other Energy Sources: Coal Bed Methane, Biomass, Waste, Ocean Current, Solar, Wind.
Current Energy Mix: Petroleum 41%, Coal 30%, Natural Gas 23%, Renewables 6% (2014).