Next year Indonesia is expected to become the world's second-biggest geothermal energy producer, surpassing the Philippines that now lies second after the United States. Meanwhile, Indonesia's Energy and Mineral Resources Ministry projects Indonesia to become the world's largest geothermal power producer by 2021, surpassing United States. These developments are based on ongoing geothermal development in Southeast Asia's largest economy.
This achievement is also supported by data that show geothermal sources in the Philippines are declining, while there is no significant increase in geothermal development in the United States due to the absence of incentives. By 2025 Indonesia aims to reach its goal of 9,500 MW in geothermal power generation capacity.
Indonesia is estimated to control about 40 percent of the world's total geothermal reserves, hence it contains huge potential for this renewable energy. However, this potential remains largely untapped. In recent news, Indonesia and New Zealand announced to have strengthened their long-term partnership for geothermal development. Both countries (located on the pacific ring of fire) have already been working together in Indonesia's geothermal power sector for four decades.
Indonesia is aiming for 5.6 percent economic growth in 2018. According to President Jokowi, Indonesia’s economic growth is better compared to other countries. Last year, the economy grew by 5.02 percent, the world’s third best achievement after India and China.
(Source: The Jakarta Post and Indonesia Investment)