From Green Democracy to Industrial Acceleration: ASPEBINDO Matangkan Peta Jalan Pembiayaan Bioenergi

JAKARTA - Deputy Chairman of ASPEBINDO, Jay Aryaputra Singgih, emphasized that bioenergy is the most concrete solution for Indonesia in facing the energy trilemma challenge: supply security, environmental sustainability, and economic growth.

He conveyed this when opening Panel Discussion 2 entitled "Financing Bioenergy for Sustainable Growth" in the series Indonesia Energy Outlook 2026 at The Westin Jakarta, Wednesday, December 17.

"Today we are at a crucial point where we must balance three things at once: energy security, environmental sustainability, and economic growth. Bioenergy is the most concrete answer because the raw materials grow in our own land," Jay said in his statement, Thursday, December 18.

He emphasized that the energy transition must be inclusive and give space for farmers and local communities to become the main actors.

"The principle is no one left behind. Local people must be the main players, not just spectators," he said.

Jay's statement was the introduction to a discussion that brought together policymakers, financing institutions, energy SOEs, banks, and industry players to break down funding barriers for the green energy sector.

The Chairman of the Indonesian DPD, Sultan Bachtiar Najamudin, in his keynote speech introduced the concept of Green Democracy, which he said emphasized territorial justice in energy policy.

"Energy policy should not only be dictated by market mechanisms. Biomass producing areas must feel the direct value of their added value," he said.

The Sultan encouraged the establishment of the National Bioenergy Investment Fund with a blended finance scheme and fiscal incentives to reduce investment risks.

In terms of project funding, Pertamina New & Renewable Energy (NRE) Finance Director Mirna Wijayanti explained that renewable energy projects still face high capital costs because they are considered risky.

"Our strategy is to unlock value through carbon trading and global partnerships. We are pursuing green financing with lower interest rates so that the project's economics remain competitive," he said.

Director of Biomass of PLN Primary Energy Indonesia, Hokkop Situngkir, conveyed the importance of the construction of biomass collection centers to maintain the reliability of supply in the PLTU co-firing program.

"We are building a biomass ecosystem. The challenge is to ensure a continuous supply from thousands of small suppliers, and that requires supply chain financing support," he said.

APROBI Secretary General, Ernest Gunawan, emphasized the importance of regulatory certainty for investors in the biofuel industry. He reminded that the bioenergy roadmap must be consistent so that industry players can accurately calculate investment feasibility.

From the banking sector, representatives of BNI Corporate Banking stated the readiness of the national banking to support green financing through the Green Banking framework. Meanwhile, the General Director and Legal Director of LPDB Cooperatives, Deva Rachman, emphasized that cooperatives can be the main driving force in organizing small farmers and biomass suppliers through revolving fund support.

The forum, which was attended by hundreds of participants, emphasized that the acceleration of national bioenergy development depends on close collaboration between the government, industry, banking, and cooperatives, with regulatory certainty and funding as the main foundation.