REGULATION OF FOREIGN INVESTMENTS IN THE DEVELOPMENT OF NEW RENEWABLE ENERGY (EBT) IN INDONESIA

Abstract

ARTICLE INFO ABSTRACT Keywords: Renewable Energy; Investment; Foreign How to cite: Haryanto, I. (2020). Regulation of Foreign Investments in the Development of New Renewable Energy (EBT) in Indonesia. Veteran Law Review. 3(1). hlm. 12-21 In the use of energy in Indonesia, is still completely dependent on non-renewable energy such as petroleum, coal and natural gas as the source of its energy needs. After being implemented by the government to realize the renewable energy mix it still experiences various obstacles including technical, non-technical and price competition with fossil energy which tends to be cheaper, causing development of renewable energy is hampered and the energy mix achieved is only around 6.2% overall with growth of 0.39 per year. This research will discuss the effectiveness of regulations issued by the Indonesian government relating to foreign investment in the renewable energy sector. The purpose of this research, will contribute in the form of ideas to relevant agencies, such as the Ministry of Energy and Mineral Resources of the Republic of Indonesia because it is directly related to renewable energy in Indonesia. The method that will be used in this research is empirical normative juridical, which uses facts in the field and is analyzed based on applicable laws and regulations. This research will prove that the regulations regarding investment in new renewable energy really need to be updated. This is to provide legal certainty to investors who are interested in investing and also to provide legal protection to investors.