# Geothermal Achieve Solve Energy Issues in Indonesia - Link: https://greenlivingguy.com/2022/09/geothermal-achieve-solve-energy-issues-indonesia/ - Published: 2022-09-22T10:38:06-04:00 - Author: greenlivingguy With an estimated 24GW in geothermal reserves that account for 40% of the world’s geothermal resources. So Indonesia is set to accelerate the geothermal [power](https://www.globaldata.com/) [development](https://greenlivingguy.com/2017/09/ribbon-cut-on-energy-efficient-and-earth-friendly-geothermal-hvac-system/) to solve its energy issues. That says [GlobalData](https://www.globaldata.com/). For they are a leading data and analytics company. ![geothermal energy](https://i0.wp.com/greenlivingguy.com/wp-content/uploads/2022/ 09/matt-palmer-UXjYy04EvOc-unsplash.jpg?resize=420%2C280&quality=52&ssl=1 "Geothermal energy") ## Geothermal for Indonesia [GlobalData’s](https://www.globaldata.com/store/report/indonesia-power-market-analysis/) latest report, “Indonesia Power Market Size, Trends, Regulations, Competitive Landscape and Forecast, 2022-2035,” reveals that Indonesia has identified over 300 sites across islands including Sumatra, Java, Nusa Tenggara, Sulawesi, and Maluku for geothermal [power](https://greenlivingguy.com/2014/03/coal-fired-boilers-will-go-cold-in-days-as-ball-state-continues-conversion-to-geothermal/) development. The country has created a fund of around IDR 3.7 trillion (around $ 275 million) for the development of such technology. Managing comes from PT Sarana Multi Infrastruktur (PT SMI). Moreover, the fund is primarily for lending activities, equity participation and or providing data and geothermal information. ![niet bekend / unknown (Fotograaf/photographer). Lux Fotostudio (Fotostudio). • CC BY-SA 3.0](https://i0.wp.com/greenlivingguy.com/wp-content/uploads/2022/09/IMG_1525. jpeg?resize=222%2C300&quality=52&ssl=1) niet bekend / unknown (Fotograaf/photographer). Lux Fotostudio (Fotostudio). • CC BY-SA 3.0 ## **Attaurrahman Ojindaram Saibasan, Power Analyst at GlobalData, comments:** “Indonesia updated its laws on geothermal activities in 2014. The new regulation no longer considers geothermal under ‘mining activities.’ That’s because they prohibit mining activities in high [conservation value forest](https://greenlivingguy.com/2011/10/forest-festival-to-explore-gatineau-park/) areas. The regulation also calls for a mandatory production bonus payable to the local government where the geothermal field is. Moreover, auctions were introduced for geothermal working areas (WKP) to encourage industry participation.” ![](https://i0.wp.com/greenlivingguy.com/wp-content/uploads/2022/09/unnamed.png? resize=420%2C225&quality=50&ssl=1) Indonesia has made the development of the renewable source one of its key priorities. It has set a target of achieving 9.3GW of cumulative capacity by 2035. That’s in order to solve several energy [issues and achieve its climate](https://greenlivingguy.com/2009/10/now-that-the-olympics-are-in-rio-it-symbolizes-many-green-issues-for-the-climate-change-debate/) goals. Given the current trend, the country expects to achieve 8.1GW by 2035. ## **Saibasan adds about geothermal;** “However, the target may still be achievable if the government succeeds in conducting WKP auctions without delays, provides incentives to overcome the upfront costs in the exploration stage, and rallies more foreign private investments.” Geothermal power can also help Indonesia overcome risks from its dependence on fossil fuel imports. Not to mention reduce the [country’s economic burden resulting](https://greenlivingguy.com/2026/02/volvo-ex30-cross-country-2026-test-drive-results/) from fossil fuel subsidies. In 2021, IDR 83.7 trillion was spent on fossil fuel subsidies. Moreover, it may burden the country’s economy by IDR 77.5 trillion in 2022. ## **Saibasan** **concludes about us to achieve geothermal**: “Geothermal holds the key to achieving the country’s target of achieving 23% of its [energy](https://greenlivingguy.com/2016/07/the-art-of-cooling-for-100-years-on/) requirements from renewables and cut its carbon emissions to net zero by 2060. The government also hopes to achieve 100% electrification rate in the country and geothermal is  as a reliable source to reach it.” [Source](https://www.globaldata.com/media/power/indonesia-speed-geothermal-development-solve-energy-issues-says-globaldata/) ![author avatar](https://secure.gravatar.com/avatar/df91669667126e1290c21ee0342c386e2da19d588d4d9ca6560bd82ed59a9641? s=300&d=monsterid&r=g) greenlivingguy The Green Living Guy, Seth Leitman is an independent power producer, a green living expert, and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author, Radio Host, Reporter, Writer and an Environmental Consultant on green living. The Green Living Guy writes about green living, green lighting, the green guru guides and more. Seth's books range from: # Build Your Own Electric Vehicle by Bob Brant and Seth Leitman (2nd and 3rd editions) # Build Your Own Plug-in Hybrid Electric Vehicle by Seth Leitman # Build Your Own Electric Motorcycle by Carl Vogel # Green Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky # Solar Power For Your Home by David Findley # Renewable Energies For Your Home by Russel Gehrke # Do-it-Yourself Home Energy Audits by David Findley # Build Your Own Small Wind Power System by Brian Clark Howard and Kevin Shea # and more green living books to follow. [See Full Bio](https://greenlivingguy.com/author/greenlivingguy/) [ ](https://greenlivingguy.com/author/greenlivingguy/)