Strategic Development of Taman Rejeki Group in Advancing Renewable Energy Contributions in Indonesia's Energy Transition
DOI:
https://doi.org/10.37385/ijedr.v6i6.8914Keywords:
Renewable Energy, Scenario Planning, BackcastingAbstract
This study examines the strategic development of Taman Rejeki Group in achieving its 500 MW renewable energy target by 2030. Using a hybrid methodology that combines PESTLE analysis, Porter’s Five Forces, and scenario planning the research identifies the driving factors and uncertainties influencing the company's renewable energy strategy. The study employs backcasting to work backward from the target goal outlining strategic steps to overcome identified barriers and capitalize on opportunities. The results of this research findings key uncertainties renewable energy in Indonesia such as PPA Terms & Conditions and Political Will are explored with four potential future scenarios developed suggest that Taman Rejeki Group must adopt flexible strategies aligned with these scenarios aggressive expansion in the stark protocol scenario with favorable conditions, efficiency and cash flow protection in the wakanda shield scenario with high-risk PPA, adaptation to sudden changes in the time loop strategy scenario with volatile political climates, and a survival strategy in the dark night plan scenario with regressive policy conditions. These strategies will ensure that the company can navigate varying political, regulatory, and financial environments, driving progress toward the 500 MW target by 2030.
References
Apriliyanti, I. D., Nugraha, D. B., Kristiansen, S., & Overland, I. (2024). To reform or not reform? Competing energy transition perspectives on Indonesia’s monopoly electricity supplier Perusahaan Listrik Negara (PLN). Energy Research & Social Science, 118, 103797. https://doi.org/10.1016/j.erss.2024.103797
Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99-120.
Budi, A., et al. (2023). Renewable energy financing in Indonesia: Challenges and opportunities. Energy Policy Journal, 45(3), 112-130.
David, F. R. (2021). Strategic management: A competitive advantage approach (16th ed.). Pearson Education.
Dean, J., et al. (2019). Backcasting: The future of sustainable energy transitions. Energy Futures, 10(4), 215-232.
Dewi, E. L. (n.d.). Peraturan Menteri Esdm No 5 Tahun 2025 Tentang Pedoman PJBL.
Evaluation of the Strategy for the Implementation of Solar Power Plants in Indonesia Using SWOT Analysis. (2021, October 25). Nusantara Science and Technology Proceedings. International Conference of Social Research with Multidisiplinary Approach (ICSRMA) 2021. https://doi.org/10.11594/nstp.2021.1202
Grant, R. M. (2016). Contemporary strategy analysis (9th ed.). Wiley.
Kartika, A. D., & Medlimo, R. A. (2023). Development Taman Surya Nusantara to increase new and renewable energy in Indonesia. Journal of Sustainable Tourism and Entrepreneurship, 5(1), 19–30. https://doi.org/10.35912/joste.v5i1.1823
Kennedy, S. F. (2018). Indonesia’s energy transition and its contradictions: Emerging geographies of energy and finance. Energy Research & Social Science, 41, 230–237. https://doi.org/10.1016/j.erss.2018.04.023
Misna, A. F. (n.d.). KEMENTERIAN ENERGI DAN SUMBER DAYA MINERAL REPUBLIK INDONESIA.
Resosudarmo, B. P., Rezki, J. F., & Effendi, Y. (2023). Prospects of Energy Transition in Indonesia. Bulletin of Indonesian Economic Studies, 59(2), 149–177. https://doi.org/10.1080/00074918.2023.2238336
Rino, A. (2023). Technological innovations and regulatory challenges in the renewable energy sector. Journal of Clean Energy, 29(2), 58-72.
Rismayani, R., Manuel, B., & Latifah, U. (2023a). Telecommunication industry.
Rismayani, R., Manuel, B., & Latifah, U. (2023b). Telecommunication industry.
Setyawati, D. (2020). Analysis of perceptions towards the rooftop photovoltaic solar system policy in Indonesia. Energy Policy, 144, 111569. https://doi.org/10.1016/j.enpol.2020.111569
Setyoko, A. T., & Nurcahyo, R. (2023). A Strategy Comparison Between the Korean and Chinese Automotive Industries in the Indonesian Electric Market Using Porter’s Five Forces Model. 2023 IEEE International Conference on Industrial Engineering and Engineering Management (IEEM), 1614–1618. https://doi.org/10.1109/ieem58616.2023.10406978
Sudiarta, I. (2022). Policy gaps and the transition to renewable energy in Indonesia. Energy Studies Review, 18(1), 45-60.
Susanto, A. (2022). Political risk and its impact on energy projects in Southeast Asia. Asian Political Science Review, 19(1), 34-52.
Widya Yudha, S., & Tjahjono, B. (2019). Stakeholder Mapping and Analysis of the Renewable Energy Industry in Indonesia. Energies, 12(4), 602. https://doi.org/10.3390/en12040602
Yudha, M., & Tjahjono, J. (2019). The role of community engagement in renewable energy project development. Environmental Sustainability Journal, 14(2), 123-136.
