Indonesia’s renewable energy push is opening vast investment opportunities, with funding needs estimated at nearly US$200 billion (Rp3,300 trillion), according to Stefanus Ade Hadiwidjaja, Managing Director of Investment Holding at State investment management agency BPI Danantara.

Speaking at the Katadata Sustainability Action for the Future Economy (SAFE) 2025 forum in Jakarta on Thursday, September 11, 2025. Stefanus said the capital is required to develop large-scale projects across multiple sectors, including solar, hydro, waste-to-energy, biomass, and battery energy storage systems.

“The investment opportunity to meet this ambitious target amounts to nearly US$200 billion,” Stefanus said in his keynote speech, referring to the government’s goal of achieving 42.6 GW of renewable energy capacity by 2034, on Thursday, September 11, 2025.

Danantara plans to seize this opportunity by working with private companies, state-owned enterprises (SOEs), as well as domestic and international investors. Renewable energy expansion is one of six key investment themes for the holding company.

“We will start implementing within one to two years,” Stefanus added, stressing that Indonesia’s limited timeframe requires immediate action.

One of the priority projects under development is converting waste into electricity through waste-to-energy (WTE) facilities.

Earlier, Danantara CEO Rosan P. Roeslani announced that tenders for WTE projects will soon take place in several regions, including Jakarta, Bandung, Bali, Semarang, Surabaya, and Makassar. Waste management and energy projects are among the 33 strategic initiatives set to be executed by Danantara in the near term.