TRIBUNJABAR.ID, BANDUNG - Investing in renewable energy is not only a step towards sustainability, but is also a promising business opportunity. With the right policy support and technological innovation, this sector has the potential to grow significantly and make a major contribution to climate change mitigation and job creation.

The decision to invest in renewable energy is a step towards a greener and more sustainable future. Renewable energy is one of the main focuses at the Bandung Regency Investment Summit 2024.

Regional Assistant 2 for Economic Development of Bandung Regency, Kawalludin, assessed that meeting business people to invest is a real step to target the renewable energy sector, as well as other sectors.

"This renewable energy has multiple benefits, if the use of new and renewable energy increases, the level of pollution caused by fossil energy will automatically decrease," he said, when met at the Grand Sunshine Resort & Convention, Tuesday (8/10/ 2024). He said renewable energy could replace fossil energy and be a form of effort to improve environmental problems.

“This new and renewable energy provides various other environmental solutions. "For example, if we can build a waste PLTS, a power plant from waste power, this heat can generate electricity," he said. Furthermore, Kawalludin gave the example that KOHE (animal waste) can be used as electrical energy.

"Through biogas it can be converted into electricity and there are several points where this is already underway, from animal waste using the biologicaster process to produce gas. "Finally we can turn on the lights," he said. In short, the new and renewable energy sector in West Java, especially Bandung Regency, has the opportunity to attract investors.

"Hopefully with this meeting, investment in the development of new and renewable energy in Bandung Regency can be accelerated, there will be quite a significant increase, because the opportunities have been met," he explained. In the future, he said, Bandung Regency's economic growth will come from new and renewable energy.

"All regional governments, especially Bandung Regency, are very supportive. "This is an illustration that the Bandung Regency Regional Government is opening up opportunities as widely as possible in a transparent manner, perhaps investment opportunities, especially in the new and renewable energy sector," he said. Renewable energy investment is increasingly becoming a global focus as awareness of climate change and the need to reduce dependence on fossil fuels increases.

Renewable energies, such as solar, wind and biomass, offer cleaner and more sustainable solutions to meet the world's energy needs. Despite the potential for large profits, renewable energy investments also face several challenges, such as high initial capital, intermittency, and regulations that affect the sustainability of the investment. Nevertheless, investment in local energy sources can reduce dependence on fuel imports, increasing a country's energy security.

(SOURCE)