SUN Energy Boss: PV Investment Costs Have Been Decreasing in the Last Few Years

Chief Executive Officer (CEO) of SUN Energy Emmanuel Jefferson Kuesar (right). (Photo: Theresia Agatha/VOI)

JAKARTA - Solar energy developer company (solar developer) SUN Energy said that investment in Solar Power Plant (PLTS) has become cheaper in recent years.

Chief Executive Officer (CEO) of SUN Energy Emmanuel Jefferson Kuesar said that in the last five years, the cost of investment in PV per watt has experienced a significant decline.

"If we look at the last five years, the investment cost per watt has actually been getting lower and lower. The price of panels is getting lower, the price of inverters and other equipment is also getting lower. So, now electricity from solar energy can be cheaper than the current electricity tariff," said Emmanuel in a Media Gathering for the Green Industry Implementation Decarbonization Initiative in Jakarta, Thursday, December 18.

According to him, this condition has increased consumer interest in the use of PLTS, especially in Indonesia. Awareness of solar electricity provides long-term economic benefits, making solar energy increasingly considered as an efficient and sustainable energy solution.

"Consumers have realized and seen this as something that is very beneficial for Indonesia," he said.

In terms of installed capacity, SUN Energy recorded significant growth, both domestically and regionally.

In total, the capacity of the PV project that has been developed has reached almost 400 megawatts (MW).

"Around 250 MW is in Indonesia, then 130 MW in Australia, around 20 MW in Vietnam and 20 MW in Thailand," he said.

Despite expanding to various countries, SUN Energy still places Indonesia as its main market.

Specifically in Indonesia, said Emmanuel, the total installation of PV plants that have been worked on by SUN Energy is close to 1 gigawatt (GW), including rooftop PV projects and independent power producer (IPP) schemes.

"If we talk specifically about Indonesia, our installation is almost 1 gigawatt. So we can roughly calculate our market share and we believe that we are currently number one in Indonesia," he said.

In the coming years, SUN Energy targets to maintain its leading position in the national PV market.

The company reiterated its commitment to continue to be a major player in the development of solar energy, including in absorbing the PLTS quota that will be set by the government next year.

"Whatever quota the government issues for 2026, of course we want to be number one in terms of the share we get," he added.