Global solar module manufacturer LONGi has said that it will be key to facilitate renewable energy cooperation between the South East Asian countries of Singapore and Indonesia. An MoU on renewable energy cooperation has been signed by Luhut Binsar Pandjaitan, Indonesia’s Coordinating Minister for Maritime Affairs and Investment, and Teo Chee Hean, Singapore’s Senior Minister and Coordinating Minister for National Security, at the countries’ recent leadership retreat.
LONGi said that the agreement will enhance Indonesia’s ability to develop renewable energy and will promote cross-border electricity trade for mutual benefit. As a local supplier, LONGi, represented by Dennis Guo, General Manager for South East Asia, attended the signing ceremony.
According to LONGi, the MoU will promote the development of renewable energy manufacturing and capacity in Indonesia, including solar PV and battery storage systems, which will not only meet domestic electricity demand but also allow excess power to be stored for subsequent use or export, providing investment leverage for power export projects to Singapore.
The agreement will additionally see the two countries collaborate on commercial arrangements and the development of transmission infrastructure for cross-border power trading. As per LONGi, this could enable Singapore to achieve its target of importing up to 4 GW of low-carbon electricity by 2035.
A further MoU signed by LONGi and the “INSPIRA” (Indonesian Solar Panel Industry and Renewable Alliance) consortium is a private-sector initiative to support both countries’ government-to-government MoUs which, while paving the way for the ‘green corridor’ and cross-border clean electricity supply from Indonesia, will also allow developers to share localization, technology transfer and collaboration with Indonesian stakeholders.
As the first PV firm operating in Indonesia to obtain SNI certification in 2021, LONGi has maintained a long standing commitment to both the country and its mission of using solar energy to build a greener world.
The solar conglomerate held that it will continue to collaborate with its partners to supply high-efficiency and high-reliability PV products and solutions for the global energy transition.
LONGi recently announced its plan to invest $600 million to build a solar manufacturing facility in the Ohio state of the USA.