At the Indonesia-China Partnership Forum in Jakarta, Indonesia and China have entered into three significant investment agreements valued at approximately $2 billion, aiming to bolster cooperation in renewable energy, manufacturing, and infrastructure sectors. Among these, the most substantial agreement is for the creation of a 300-megawatt agrivoltaic solar power plant in North Sumatra, which is set to integrate solar energy production with agricultural operations. With an investment of around $1.35 billion, this project is anticipated to become one of the largest renewable energy endeavors in the region.
In addition to the solar power plant, other agreements were formalized between Indonesian firm Jobubu Jarum Minahasa, operating in the food and beverage industry, and Guangxi G. Taste Food Co., Ltd. from China. Another significant partnership was established between Telkom Properti Indonesia and CNEC Engineering Indonesia, further cementing collaborative efforts in diverse industry sectors.
Indonesia’s Ambassador to China, Djauhari Oratmangun, emphasized the government’s objectives of attracting high-caliber investments that not only generate employment but also facilitate technology transfer, bolster domestic industries, and contribute to sustainable economic growth. He identified renewable energy, electric vehicles, artificial intelligence, smart manufacturing, and green technology as primary areas for advancing Indonesia-China partnerships in the future.
Data from Indonesia’s Ministry of Investment indicates that Chinese investments in Indonesia have reached $38.34 billion from 2021 through the first half of 2026, resulting in the creation of over 500,000 jobs. These investments underscore the strategic economic relationship between the two nations, with a shared focus on innovative and sustainable development projects.