LONGi Signs Agreement as Framework Supplier for Renewable Energy in Singapore and Indonesia

April 2023

During a recent leadership retreat, Indonesia’s Coordinating Minister for Maritime Affairs and Investment and Singapore’s Senior Minister and Coordinating Minister for National Security signed a memorandum of understanding (MoU) on renewable energy cooperation. The MoU aims to expand renewable energy development in Indonesia and encourage cross-border power commerce between the two countries.

Under the agreement, both nations will cooperate in developing renewable energy manufacturing and capacity, such as solar photovoltaic (PV) and battery storage systems, to meet Indonesia’s domestic electricity demand and store excess power for later use or export. The MoU will also facilitate commercial agreements and the building of transmission infrastructure for cross-border power trading, allowing Singapore to import up to 4GW of low-carbon electricity by 2035.

In addition to the government-to-government MoU, another MoU was signed by LONGi and the “INSPIRA” (Indonesian Solar Panel Industry and Renewable Alliance) consortium, a private-sector initiative that supports both countries’ renewable energy goals. The agreement will pave the way for a ‘green corridor’ and cross-border clean electricity supply from Indonesia, enabling developers to share localization, technology transfer, and collaboration with Indonesian stakeholders.

As the first PV firm in Indonesia to acquire SNI certification in 2021, LONGi has demonstrated its long-standing commitment to both countries and its mission of harnessing solar energy to build a greener future. The company aims to support low-carbon development and provide high-efficiency, high-reliability PV technologies and solutions for the global energy transition.

These MoUs demonstrate Indonesia and Singapore’s shared commitment to transitioning to a low-carbon future and accelerating the growth of the renewable energy sector in the region. By partnering with private companies like LONGi and INSPIRA, these countries aim to leverage the expertise and resources of all stakeholders to achieve their clean energy goals.

(Source: PV Tech)

Our Services

Orissa International provides consulting services to companies that want to develop a market entry strategy for Southeast Asia or implement their business expansion into the region. We have very strong domain knowledge of markets and industry sectors, and a business network of over 16,000 distributors, resellers, and system integrators, built through advising and guiding more than 5,000 companies with their market expansion into Singapore, Malaysia, Indonesia, Thailand, Vietnam and the Philippines over the last 25 years.