[Shanghai Electric and Indonesia sign memorandum of understanding on new energy cooperation] On the occasion of the 75th anniversary of the establishment of diplomatic relations between China and Indonesia, Shanghai Electric and its Indonesian partner have signed a memorandum of cooperation on new energy projects listed as a national strategy of Indonesia. This project precisely aligns with Indonesia's energy transition goal of increasing the proportion of renewable energy to 23% by 2030, and will integrate advanced technologies such as photovoltaics and energy storage. Collaborative innovation has established a partnership model of "Chinese technology+local resources", where Shanghai Electric provides technical equipment and engineering general contracting capabilities, the Indonesian Industrial Zone Association coordinates resources and policies, and MGI is responsible for local operations and markets, complementing each other's strengths. This marks that the cooperation between China and Indonesia under the "the Belt and Road" framework has deepened from commodity trade to a high-level win-win situation characterized by technology, standards and overall solution output, which will not only substantially promote Indonesia's energy transformation and green development, but also provide a new model for China's high-end manufacturing industry to go green. Editor/Cheng Liting
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  • 2026.05.14 15:36
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