Ecobiz.asia — The government is currently reviewing the scheme in greater detail, including assessing long-term price considerations and mechanisms to ensure that potential funding from carbon credits purchased by Norway can be utilized optimally.
The review follows interest from Norway in purchasing carbon credits generated from floating solar power plant projects that will be developed in Indonesia, according to Eniya Listiani Dewi, Director General of New and Renewable Energy and Energy Conservation (EBTKE) at the Ministry of Energy and Mineral Resources.
“Norway is currently requesting to purchase carbon credits from floating solar projects, so it can be said that they want to secure the carbon credits from the outset before the projects are operational,” Eniya said on Friday (March 13, 2026).
She said the Norwegian side has also identified several potential project locations that could generate the credits and has begun preliminary discussions with the Indonesian government.
“There are several locations that they have already targeted, and they have come to us to begin discussions,” she said.
According to Eniya, the carbon credits currently being discussed are estimated to be priced at around $20–$40 per ton of CO₂, a range considered attractive from a financing perspective.
“The price is estimated at around $20–$40 per ton of CO₂. This is currently being offered, as the financing model is quite attractive and we are still reviewing it further,” she said.
However, the government is also assessing the potential volatility of carbon prices over time, as several floating solar projects expected to generate the credits may only be completed in the coming years.
“Some floating solar projects may only be completed next year or even several years from now. The question is whether carbon prices will remain at that level or not. This is something that needs proper justification, and I will also discuss it with BPKP to ensure that,” Eniya said. ***
