Market Brief
Pandemic Might Accelerate Indonesia's Geothermal Development, an Industrial Info Market Brief
The COVID-19 pandemic has sent shock waves through the global economy, but a significant reduction in electricity demand could give Indonesia an opportunity to accelerate its development and utilization of geothermal energy sources.
Released Friday, July 17, 2020
The COVID-19 pandemic has sent shock waves through the global economy, but a significant reduction in electricity demand could give Indonesia an opportunity to accelerate its development and utilization of geothermal energy sources.
Amid sluggish market conditions, Indonesia's Ministry of Finance will push for more geothermal development through exploration investment in the government's drilling program, among other measures. The nation's energy demand is projected to increase following the pandemic, spurring much of the explorations.
Click here for a list of geothermal projects in Indonesia, and see graph below for a breakdown by project type.
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