Indonesia and Singapore ink MoU to boost renewables cooperation
Indonesia and Singapore have signed a Memorandum of Understanding (MoU) to enhance cooperation in renewable energy. The agreement, signed at the recent leadership retreat, will enable Indonesia to develop its renewable energy sector, including solar PV and battery storage systems, and promote cross-border electricity trade for mutual benefit.
The MoU will enhance the development of renewable energy manufacturing and capacity in Indonesia. This will not only help meet the domestic electricity demand but also create an opportunity to store excess power for future use or export, providing investment leverage for power export projects to Singapore.
The MoU signed between the two countries also includes collaboration on commercial arrangements and the development of transmission infrastructure to facilitate cross-border power trading. The partnership is expected to support Singapore’s ambitious goal of importing up to 4 GW of low-carbon electricity by 2035.
Represented by its general manager for South East Asia, Dennis Guo, LONGi, a local supplier, was present at the signing ceremony. As the first PV company operating in Indonesia to obtain SNI certification in 2021, the company has demonstrated its commitment to quality and safety and the country’s mission of using solar energy to build a greener world.
A private-sector initiative MoU signed by LONGi and the Indonesian Solar Panel Industry and Renewable Alliance (INSPIRA) consortium will support both countries’ government-to-government MoUs. It will pave the way for the “green corridor” and cross-border clean electricity supply from Indonesia and allow developers to share localization, technology transfer and collaboration with Indonesian stakeholders.
LONGi has been named one of the 50 distinguished recipients of the 2022 China’s Best Managed Companies award program by Deloitte China. The company’s HJT and HPBC solar modules achieved new efficiency records last year.