Jakarta (VNA) – Indonesia signed an agreement to export renewable energy to Singapore, during the recent International Sustainability Forum (ISF) in Jakarta.
The deal, Indonesia's Coordinating Minister for Investment and Maritime Affairs Luhut Binsar Pandjaitan said, will benefit Singapore by securing a clean energy supply through solar panels and battery storage systems produced in Indonesia, adding as for Indonesia, the partnership marks a shift from exporting fossil fuels to becoming a renewable energy exporter.
Indonesia’s abundant silica resources would be a key to building a domestic solar panel industry, he said.
Indonesia plans to export 4GW of electricity from renewable plants on Riau island to Singapore between 2027 and 2035.
Singapore is giving the green light to two new projects to import 1.4 GW of renewable energy from Indonesia, while raising its overall import target to 6 GW by 2035 – up from 4 GW – as it ramps up efforts to meet energy needs and cut emissions. The overall projects have an estimated value of around 20 billion USD./.
