Indonesia and Singapore have signed a Memorandum of Understanding (MoU) to strengthen cooperation on renewable energy. The agreement, signed at the recent leadership meeting, will allow 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 promote the development of renewable energy production and capacity in Indonesia. This will not only help meet domestic electricity needs, but also create the opportunity to store excess electricity for future use or export, thus providing investment leverage for electricity export projects to Singapore.

The MOU signed between the two countries also includes cooperation on commercial agreements and transmission infrastructure development to facilitate cross-border electricity trades. The partnership aims to support Singapore’s ambitious goal Import up to 4 GW Low-CO2 electricity by 2035.

Represented by its Southeast Asia General Manager Dennis Guo, LONGi, a local supplier, was present at the signing ceremony. As the first PV company operating in Indonesia to receive SNI certification in 2021, the company has demonstrated its commitment to quality and safety and the country’s mission to use solar energy to build a greener world.

A private sector initiative signed by LONGi and the Consortium of Indonesian Solar Panel Industry and Renewable Alliance (INSPIRA) will support both countries’ intergovernmental memorandums of understanding. It will pave the way for the “green corridor” and cross-border supply of clean power from Indonesia and allow developers to share localization, technology transfer and collaboration with Indonesian stakeholders.

LONGi was named one of the 50 distinguished recipients of Deloitte China’s 2022 China’s Best Managed Companies Awards program. The company HJT And HPBC Solar modules achieved new efficiency records last year.