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Tuesday, 09 April 2024 17:14

Indonesia offers renewable energy investment to entrepreneurs of China

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The Indonesian government has offered investment in the renewable energy sector to entrepreneurs in China. According to Deputy for Infrastructure and Transportation Coordination of the Coordinating Ministry for Maritime Affairs and Investment, Rachmat Kaimuddin, the Indonesian government has carried out various initiatives to support the energy transition, such as the construction of new electricity transmission infrastructure, development of the renewable energy supply chain,  particularly the solar energy sector as well as the development of the electric vehicle, battery and green hydrogen ecosystem.


Besides,  Rachmat also conveyed this at the forum  " The China RE Invest Indonesia 2024 " organized by the Indonesian Embassy in Beijing in collaboration with Tenggara Strategics and the Indonesian Center for Strategic and International Studies (CSIS) in Beijing on Monday (1/4). The forum aims at introducing investment and financing opportunities to investors and financiers from China in renewable energy in Indonesia. 


Moreover, Indonesian Ambassador to China and Mongolia,  Djauhari Oratmangun on that occasion affirmed the strong bilateral relations between Indonesia and China especially in the field of renewable energy.


During the event, there was also a panel discussion on renewable energy exports to Singapore and a business meeting session. According to Rachmat, production of solar panels and battery energy storage systems for electricity exports to Singapore must be able to meet local content requirements of at least 60 percent.


Meanwhile, President Director of PT PLN,  Darmawan Prasodjo  in the discussion conveyed that his side plans to develop a comprehensive smart grid system to support various renewable energy sources so that it will be in line with the development of the ASEAN Electric Network across countries.This step will pave the way for Indonesia to export renewable energy to Singapore. Director of Public Affairs of Trina Solar Co. Tori Liu explained the company has invested more than 86 million US dollars in the Kendal Industrial Area, Central Java to produce 1 gigawatt N-type topcon cells and modules. According to Tori,  Indonesia offers a strategic position as an investment center in the ASEAN region with significant solar energy market potential, including project development on former mining land,  unproductive land and floating solar power plant initiatives on reservoirs.

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