In a significant boost to their bilateral relations, Indonesia and China have inked three investment agreements totaling about $2 billion. This collaboration, formalized during the Indonesia-China Partnership Forum in Jakarta, is set to enhance cooperation across sectors such as renewable energy, manufacturing, and infrastructure.
The most substantial of these agreements is the development of a 300-megawatt agrivoltaic solar power plant in North Sumatra, valued at approximately $1.35 billion. This innovative project aims to integrate solar power production with agricultural practices, positioning itself as one of the largest renewable energy initiatives in the region.
In addition to the solar power venture, Indonesian company Jobubu Jarum Minahasa has reached an agreement with China’s Guangxi G. Taste Food Co., Ltd. Meanwhile, Telkom Properti Indonesia has partnered with CNEC Engineering Indonesia, further cementing the collaborative spirit between the two nations.
Djauhari Oratmangun, Indonesia’s Ambassador to China, emphasized the government’s focus on attracting high-quality investments that spur job creation, facilitate technology transfer, and bolster domestic industries. He underscored the importance of sectors such as renewable energy, electric vehicles, artificial intelligence, smart manufacturing, and green technology for future partnerships with China.
According to data from Indonesia’s Ministry of Investment, Chinese investments in Indonesia amounted to $38.34 billion from 2021 up to the first half of 2026, contributing to the creation of over half a million jobs. This ongoing investment underscores the robust economic ties and mutual commitment to sustainable growth between the two countries.