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Sun Cable and the Indonesian Government Collaborate to Advance $115 Billion Opportunities for Renewable Energy Generation

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Sun Cable and the Indonesian Government Collaborate to Advance $115 Billion Opportunities for Renewable Energy Generation

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Sun Cable Founder and CEO David Griffin and Indonesia’s Minister for Energy and Mineral Resources Arifin Tasrif announced a formal collaboration to advance opportunities for renewable energy generation and transmission within Indonesia. The collaboration was formalised in a Memorandum of Understanding signed during the Net Zero Transition forum by Sun Cable and Head of BBSP KEBTKE.

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Sun Cable and ESDM released the preliminary findings of the Joint Study that recognises the importance for Indonesia to support its own renewable energy requirements and outlines a pathway for Green Industry development in Indonesia, identifying five key industries, representing 30 percent of Indonesia’s GDP, with the potential to spur Green Industry growth in Indonesia and add up to USD115 billion (IDR1,600 trillion) to GDP by 2035.

The pathway includes working through the key potential areas for generation, defining the resources available, identifying the key energy intensive locations and industries, and then building a plan to unlock these opportunities. The five key industries identified by the study are: mining and minerals processing (green nickel production); energy and fuels (green hydrogen); transport manufacturing (electric vehicles); food processing and agriculture (green fertilisers); and IT infrastructure (green data centres).

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Sun Cable Founder and CEO David Griffin said “Sun Cable is honoured to partner with the Ministry of Energy and Mineral Resources as it shapes Indonesia’s policy and technical program for grid connectivity.

“We are looking to share Sun Cable’s expertise in solar energy generation and long distance transmission with Indonesia as it shapes its policy and technical approach to inter-island connectivity.”

Indonesia’s Minister for Energy and Mineral Resources Arifin Tasrif said “Energy infrastructure is very important to connect the centers of great energy production to centers of high energy consumption. Thus, Indonesia is planning to build a super grid to address mismatch between renewable energy resources and the location of high electricity demand areas as well as maintaining the electricity system stability and security.”

Indonesia has some of the best renewable energy resources in Asia and many of the core capabilities to become a Green Industry powerhouse: access to a large workforce, access to critical mineral resources, and strategic location at the heart of ASEAN growth.

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Unlocking Indonesia’s economic potential from Green Industries will require rapid acceleration of new generation with a 25-fold increase in renewable capacity required to supply zero-carbon demand.

Linking Indonesia’s archipelago through subsea transmission corridors will play a critical role in enabling Indonesia to unlock its Green Industry opportunity by matching renewable potential with industrial demand centres.

The agreement between Indonesia’s Ministry of Energy and Mineral Resources and Sun Cable positions grid interconnectedness at the centre of the Indonesian policy agenda, ahead of Indonesia’s ASEAN Chairmanship in 2023.

The next steps will focus on evaluating specific transmission corridors and investment required, with the Joint Study to be completed in early 2023.

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