Title: Indonesia Eyes Chinese Investment for Solar and EV Battery Production
Article Summary:
Indonesia is actively seeking Chinese investment in the new energy sector, particularly in the development of battery and solar photovoltaics (PV) manufacturing capabilities. The Southeast Asian nation, which is the world’s largest nickel miner and a major cobalt producer, aims to enhance its renewable energy capacity and facilitate a green energy transition. According to Indonesia’s Vice Foreign Minister Pahala Nugraha Mansury, who was appointed in July 2023, the country’s lack of PV production capacity has been a significant bottleneck. To achieve its goal of installing 40 gigawatts of renewable energy capacity by 2031, Indonesia is welcoming manufacturers in the sector from China and other countries. The nation is also advocating for diversification of partnerships and the de-escalation of geopolitical tensions to avoid overreliance on single partners.
Key Points:
- Indonesia is seeking Chinese investment in the new energy sector.
- The country aims to develop battery and solar PV manufacturing capabilities.
- Indonesia is the world’s largest nickel miner and a significant cobalt producer.
- The goal is to install 40 gigawatts of renewable energy capacity by 2031.
- Indonesia’s Vice Foreign Minister Pahala Nugraha Mansury highlights the need for joint development efforts.
- The nation is welcoming manufacturers from China and other countries.
- Indonesia is advocating for diversified collaborations and de-escalation of geopolitical tensions.
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