Indonesia will ease solar power rules to unlock green investment

JAKARTA (Bloomberg): Indonesia will temporarily relax rules that have slowed development of solar energy in the coal-dependent country, lifting one of the many regulatory and legal roadblocks to the archipelago’s pledge to reach net zero emissions by mid-century.

The government will remove the requirement that solar projects use a majority of domestically produced materials until 2025, when Indonesia’s first solar panel factory is expected to begin production. By conservative estimates, the equatorial country could generate more than 4,000 times its current solar output.