Leaders from Singapore and Indonesia signed a memorandum of understanding (MoU) in Singapore on March 16 to develop renewable energy generation projects in Indonesia, both for domestic needs and for export to Singapore.
Singapore and Indonesia will facilitate the development of solar farms and battery energy storage system to supply renewable energy, and when viable, hydrogen and ammonia, said Indonesia’s coordinating ministry for maritime affairs and investments, and Singapore’s trade and industry ministry in a joint statement.
The Green Corridor Project will attract an estimated $50 billion of foreign direct investments to Indonesia, reducing the country’s national determined contributions (NDCs), and transferring renewable energy knowledge and skills into Indonesia. The Green Corridor plan is to develop a green manufacturing industry, creating “tens of thousands” of green jobs for Indonesians, said the Sustainable Energy Association of Singapore (SEAS).
Members of SEAS and multiple partners working to develop the Green Corridor project include AirCarbon Exchange, Climate Resources Exchange, Durapower Batteries, EDPR Sunseap, ET Solar, Haitai Solar, Huawei, Keppel, Meike Solar, Seraphim Solar, Narada Batteries, Gotion Batteries, SERIS, Sungrow, Vanda RE (a joint venture between Gurin Energy and Gentari) and VFlowTech Batteries.
These entities have actively engaged with Singapore’s EMA and Indonesia’s MARVES to develop the Green Corridor project in Batam/Riau Archipelago, Indonesia.