New Regulations on Local Content Requirement in Solar Power Industry
The government revises regulations on solar panel and photovoltaic power station’s local content requirement. Investors are hesitant due to unreasonable requirements.
Retno Sulistyowati
August 5, 2024
THREE regulations concerning the level of local content (TKDN) for electrical infrastructure development were issued almost simultaneously. One released at the end of July is Industry Minister Regulation No. 34/2024, which outlines the calculation method for the TKDN of solar panels. This regulation replaces the previous rule that mandated a 60 percent local content for solar power plants (PLTS). “The three new regulations have bee
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