JAKARTA - The Indonesian government through the Ministry of National Development Planning/Bappenas announced an investment commitment of 22 billion US dollars from international partners, namely Equator Renewable Asia, Kepel Ltd, Vanda RE and Gurin Energi for the development of the Sustainable Green Industrial Estate, which displays large-scale solar power plants.
"This signing marks an important part of Indonesia's strategic plan to develop the Green Economy Corridor in the Riau Islands, starting with the construction of large-scale solar power plants in Batam, Bintan, and Tanjung Pinang," said Deputy Minister of National Development Planning/Deputy Head of Bappenas Febrian Alphyanto Ruddyard while giving a speech at the Business Forum and Joint Statements on the Development of Sustainable Green Industrial Estates on Thursday, May 29, at the Indonesian Pavilion, World Expo 2025 Osaka, quoted from a statement from the Indonesian Ministry of Foreign Affairs, Thursday, May 29.
The signing of this joint statement marks the start of Indonesia's first pilot project to build an integrated renewable energy ecosystem from upstream to downstream.
This project is the result of the proactive efforts of the Ministry of National Development Planning/Bappenas in advancing new initiatives included in the list of Indonesian National Strategic Projects, in line with the 2026 Government Work Plan, which carries the theme "Food Sovereignty and Energy, as well as a Productive and Inclusive Economy."
The project is expected to create thousands of jobs and attract cross-sectoral investments, including electronics, semiconductors, biotechnology, data centers, and green hydrogen.
The Ministry of National Development Planning/Bappenas reaffirms its commitment to ensure effective project implementation in accordance with applicable regulations, as part of a wider transition from Indonesia to an inclusive and global competitive green economy.
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"Indonesia welcomes multi-party collaborations that provide benefits such as technology transfer, research partnerships, and commercial investment in line with the principles of sustainability and innovation," explained Deputy Minister Febrian.
"We want to ensure that the clean energy transition not only supports greenhouse gas emissions targets but also encourages inclusive and equitable economic growth throughout Indonesia," he concluded.
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