Indonesia needs not only GCC investors, but also bankable green projects

In a previous essay, we argued that Indonesia’s sovereign wealth fund, Danantara, could serve as a bridge between the Gulf’s immense pools of capital and Indonesia’s vast renewable energy potential. That argument remains valid. As Gulf Cooperation Council (GCC) countries diversify beyond hydrocarbons and seek long-term investments in emerging markets, Indonesia stands out as one of the world’s most promising destinations for renewable energy development. Yet capital alone cannot deliver an energy transition. If Indonesia is serious about achieving President Prabowo Subianto’s ambition to build up to 75 gigawatts of renewable energy capacity in the coming decades—a transformation that could require at least US$235 billion in investment—it will need not only GCC investors, but also something far less discussed: a […]