This paper developed by the UK-Indonesia Mentari program in March 2024, discusses lessons learned in accelerating the phase-out of coal which is a global challenge. The key lessons learned cover the aspects of auctions for payments, priority shifts, the cost of renewable energy, and access to low-cost finance. These lessons are aimed to help Indonesia learn from other countries’ experiences and shape the analysis of the proposed models. The objective is to develop a model to incentivise the early retirement of PLN-owned coal assets.
Link to download: https://mentari.info/2024/03/07/early-retirement-of-coal-power-generation-international-experience-and-its-application-to-indonesia/