Indonesia posts 520 percent growth in clean energy investment in 2011

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Indonesia posts 520 percent growth in clean energy investment in 2011

Greentech Lead Asia: Indonesia has recorded 520 percent
growth in clean energy investment in 2011. The country is ahead of G-20 nations
such as the United States, India and Japan. The country achieved the
significant milestone of the $1 billion mark in clean energy investment in
2010.

Indonesia is in the 14th position in overall clean energy
investment in 2011. Indonesia has an estimated 40 percent of the world’s known
geothermal energy resources, according to a report from Pew Charitable Trusts.

Indonesia is set to achieve its 2025 renewable energy
goals as 9.5 gigawatts of geothermal, 970 MW from wind power and 870 MW from solar.

Global clean energy investment in the past decade has managed to grow by 6.5 percent to $263
billion in 2011, with G-20 member countries’ accounting for 95 percent.

The Asia/Oceania region held second place after the
Americas for clean energy investments at $75 billion, growing more than 10
percent in 2011.

Investment in solar energy
had increased by 44 percent, attracting $128 billion and accounting for more
than half of all clean energy investment in G-20 countries.

The increasing electricity demands of an emerging middle class gives countries
like Indonesia, China, Australia, and India more allure than Europe.

The report forecasts that the deployment of clean energy in Europe is likely to
slow in 2012 as governments continue or accelerate efforts to rein in
incentives for clean energy technologies. In the next 10 years annual
investment growth rates of Asia, Africa, the Middle East, and Latin America
will be 10 to 18 percent.

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