Indonesia has recently made a target to shift to more sustainable and renewable energy sources through its energy transition commitment to achieve net zero emissions by 2060. It is widely reported in various literature that the country has significant solar energy potential. At the moment of writing, the current solar PV in construction, potentially the largest in Indonesia, is the Cirata floating solar PV project with an installed capacity of 145 MWp. This study shows that the technical potential of floating solar PV in Indonesia is 33 GWp at 5% water occupancy. Meanwhile, this study finds that the economic potential of floating solar is significantly lower than its technical potential, with only 6.4 GWp at 5% water occupancy. There are various support schemes to increase the economic potential of floating solar in Indonesia. The FSPV can become an alternative solution to renewable energy sources for Indonesia’s energy transition plan. In addition, a potential scenario is provided in this study to achieve the energy transition in Indonesia.