Indonesia Reduces Local Content Requirement for Solar Power Projects
Sunday, 11 August 2024, 21:07
Indonesia's New Solar Power Policy
Indonesia has recently announced a significant change in its policies regarding solar power plants.
Local Content Requirement Adjustments
- The minimum local content requirement has been reduced from 40% to 20%.
- This decision aims to increase investments in solar energy projects.
- Projects are expected to attract funding if they meet specific criteria.
This move is seen as a pivotal step in promoting renewable energy in Indonesia, which could enhance the country's energy sustainability and reduce reliance on fossil fuels.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.