Singapore has reaffirmed its commitment to investing in Indonesia's renewable energy sector, focusing on the development of sustainable industrial zones in the Batam, Bintan, and Karimun (BBK) areas, as well as the Kendal Industrial Park. This initiative aims to bolster Indonesia's green energy infrastructure and foster economic growth in these regions.

The collaboration was highlighted during a meeting between Singapore's Deputy Prime Minister and Minister for Trade and Industry, Gan Kim Yong, and Indonesia’s Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM), Rosan P. Roeslani, at the World Economic Forum in Davos, Switzerland. Both nations discussed strategies to enhance cooperation in renewable energy development and port infrastructure, specifically targeting the Kendal Port and Tanjung Priok Port.

Akhmad Ma'ruf Maulana, Vice Chairman for Special Economic Zones (SEZ), Industrial Zones (IZ), and National Strategic Projects (PSN) at the Indonesian Chamber of Commerce and Industry (Kadin), welcomed Singapore's investment plans. He emphasized the importance of equitable partnerships, noting that while Indonesia supplies solar power to Singapore, the latter's contributions to Indonesia's green industry development have been limited. Maulana stated, "We hope Singapore understands Indonesia's need to advance its green energy sector."

To attract and facilitate these investments, Kadin Indonesia, in collaboration with industrial zone operators, is offering a series of incentives. These include a five-year land lease waiver in industrial zones such as PSN Wiraraja and Gesip Galang. Additionally, the Indonesian government provides tax holidays and other fiscal benefits to create a conducive investment environment.

This partnership aligns with Indonesia's broader strategy to transition towards renewable energy and reduce its carbon footprint. By easing local content requirements for green energy projects, the Indonesian government aims to attract foreign investment and meet its renewable energy targets.

Singapore's role as a key investor in Indonesia's renewable energy projects is expected to accelerate the country's green transition. The collaboration aims to utilize various investment facilities, ensuring both countries benefit from sustainable growth while meeting global environmental standards.

In conclusion, the strengthened cooperation between Indonesia and Singapore in the renewable energy sector signifies a mutual commitment to sustainable development. With the support of Kadin Indonesia and the provision of attractive incentives, this partnership is poised to drive significant progress in Indonesia's green energy initiatives, fostering economic growth and environmental sustainability in the region.