Indonesia, sitting on the Pacific Ring of Fire, holds vast potential for geothermal energy due to its many active volcanoes. This study delves into the country’s readiness to adopt geothermal energy as a primary renewable energy source, examining both the immense potential and the hurdles involved. As the second-largest producer of geothermal energy globally, Indonesia can harness this resource to decrease its reliance on fossil fuels and reduce carbon emissions.
Current Geothermal Capacity and Potential Indonesia has an estimated geothermal energy potential of 28,617 MW but currently utilizes only about 5% of this capacity. Geothermal energy, being a low-emission and reliable power source, offers an environmentally friendly alternative to coal and oil. The government’s target to have 17% of energy from renewable sources by 2025 underscores the need to accelerate geothermal adoption.
Challenges in Implementation The study identifies several challenges: high initial costs, lengthy development times, and geographical constraints, as most geothermal sites are located far from industrial centers. The exploration costs alone can represent 24% of the total project investment, and financing options are limited.
Strategic Recommendations To fully capitalize on geothermal potential, Indonesia requires a clear roadmap involving both government and private investment. A structured approach to developing infrastructure, improving financing options, and enhancing public-private partnerships can drive growth in geothermal energy.
This research highlights geothermal’s potential to transform Indonesia’s energy landscape sustainably.
🔗 Full Text: https://www.igminresearch.com/articles/html/igmin178
🔗 DOI Link: https://dx.doi.org/10.61927/igmin178
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