Indonesia has cut the minimum local content requirement for solar power plants to 20% from around 40%.  (Photo: Unsplash)

Indonesia is set to expand its foreign investment opportunities in the renewable energy sector. Following the recent relaxation of local content regulations for power project financing, the country has announced on August 12 a reduction in local content requirements for three types of renewable energy power plants.

Specifically, the requirement for solar energy plants has been halved to 20%, with the aim of accelerating the nation’s transition to low-carbon energy and further reducing carbon dioxide emissions.