Despite the importance of renewable energy there is dearth empirical evidence on the factors that influence the implementation of renewable energy development projects in Indonesia. This study aims to determine how much influence the financial resources, stockholder’s involvement and new technology / innovation on the renewable energy development. The method in this study is using a study design that is explanatory survey by using a quantitative approach, which simply refers to the collection and analysis of statistical information, using multiple regression statistic tests. The scale used is Likert scale that is useful to know the degree of disagreement or employee of agreement to a statement on the questionnaire. From the results of research through SPSS approach can be explained that the financial resources, stockholder’s involvement and new technology / innovation has a direct relationship and impact significantly on the renewable energy development. With these expected results of this study can provide inputs for Ministry of Energy and Mineral Resources to further enhance the renewable energy development.