• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Wind droughts
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 8 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 1 day "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 3 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 16 hours Uniper is over - Germany (Government) buys the Company
  • 1 day "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 14 hours "How BlackRock Conquered the World" by James Corbett (all 3 parts)
  • 2 days "Oil prices likely not responsible for inflation and other energy insights by hedge fund manager Josh Young" - Kitco News interview by David Lin
  • 2 days The Federal Reserve and Money...Aspects which are not widely known
  • 8 days "Dodgy Demand Data? The Oil Price Collapse Conspiracy" by Alex Kimani
  • 12 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 14 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
Why Aren’t Investors Interested In Geothermal Energy?

Why Aren’t Investors Interested In Geothermal Energy?

The United States has tremendous…

Is This The Next Big Step For Geothermal Energy?

Is This The Next Big Step For Geothermal Energy?

A recent report indicates that…

Europe Is Betting Big On Geothermal Energy

Europe Is Betting Big On Geothermal Energy

Europe is set to spend…

Energy Digital

Energy Digital

Energy Digital is a leading digital media source of news and content for C-level executives focused on business and all aspects of managing the environment.…

More Info

Premium Content

Indonesia’s Geothermal Potential Being Hamstrung by Regional Politics

Indonesia has the potential to become the world's biggest geothermal energy leader, so long as investment is pursued.

Indonesia's geothermal energy is literally bursting from the ground, with the world's highest number of volcanic hot spots. Unfortunately, Southeast Asian politics and a lack of foreign investment is bogging down the great potential of the country's clean energy market. With plans to add as much as 9,000 MW of installed capacity by 2025, the industry will need to attract investors.

"The tenders are out there, they just need the investors to come in," says Paul Brophy, president and chief executive of geothermal consultancy GES. "So far, some 20 to 30 concessions have been issued so there is still lots of room for new companies to come in and develop the resources."

 Unfortunately, the bidding process to lack of infrastructure is holding up investment in addition to a muck of local politics and cultural beliefs. Some Hindu leaders fear that meddling with nature could anger the gods.

Geothermal is one of the most environmental ways to produce energy; it creates almost no carbon dioxide and requires a third less land than solar or wind energy infrastructure. It's also cheaper than coal or gas, and could dramatically boost the growing economy of Indonesia. Although upfront investment can be high, the country needs the power to help it grow.

Chevron is currently the world's largest geothermal power producer with plants in Java and in the Philippines. In addition to other companies like India's Tata Group and General Electric Co., Chevron is putting more money towards the country's geothermal potential, even despite accusations from disheartened locals that the company is cutting down trees in the process.

But the government is still lagging. Companies don't have much public data to work with to assess the best points of exploration and overlapping jurisdictions of project approvals continue to get in the way. A new law that allows outside developers to pursue geothermal projects so long as five percent of their profits goes to the Indonesian government should help bolster foreign interests.

By. Carin Hall of Energy Digital


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News