Indonesia Eases Local Content Requirement for Solar Power Plants to 20%

RENEWABLE ENERGY - JAKARTA. Indonesia said on Monday it has cut the minimum local content requirement for solar power plants to 20% from around 40% previously, as it looks to unlock investment in projects that get at least half of their funding from foreign multilateral or bilateral lenders.

"We evaluated the rules, so that the renewable energy power plants, especially hydro, wind and solar could immediately be installed in our system ... and further lower our emissions," Jisman Hutajulu, the energy ministry's director general, told a press conference.

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