Development Minister Alabali Radovan said, “After the devastating earthquake in Indonesia, my thoughts are with the families and loved ones of the many people who have lost their lives or been injured.
The visit to Indonesia offers opportunities for German technology providers from the renewable energy sector in particular to engage directly with representatives from Indonesian companies and start-ups, researchers and students from Bogor University and government representatives. Formats include a conference visit, matchmaking events with businesses and political actors, and a roadshow with innovative start-ups. Development Minister Alabali Radovan and the Indonesian Minister for National Development Planning together opened the Indonesia Sustainable Energy Week (ISEW), a renewable energy conference organised by the Indonesian government and supported by Germany. Minister Alabali Radovan and the business delegation will also visit the sites of German companies in Indonesia such as Bayer and Siemens, and will hold talks with government representatives including the Minister for National Development Planning, the Minister for Economic Affairs and the Minister of Energy and Mineral Resources. German companies are already making a valuable contribution to ensuring a sustainable and socially just energy transition in Indonesia. The BMZ is making this engagement visible. One example is a solar-powered cold storage facility, a pilot project funded via German development cooperation which uses technical components from German companies such as Siemens and refrigeration specialist Bitzer.
Private investment is crucial to Indonesia’s energy transition, and also offers major opportunities for German and European companies. The Just Energy Transition Partnership (JETP) with Indonesia intends to mobilise some 20 billion US dollars – half from public and half from private sources. Germany acts as co-lead of the JETP alongside Japan, and is driving the Partnership forward on behalf of the G7 countries, the European Union, Denmark and Norway. Under the JETP, Germany is supporting Indonesia in expanding its use of renewable energy and its energy grids, and in creating a conducive legislative framework. This contributes to climate action and increases the resilience of the Indonesian energy sector against global crises like the war in the Persian Gulf. Simultaneously, this cooperation to promote a just energy transition in Indonesia is also improving the enabling environment for German technology providers entering the Indonesian market.
Trade between Germany and Indonesia is already growing continuously, and Indonesia is gaining importance as a sales market, an energy partner and a supplier of commodities such as nickel. Access to critical raw materials is one of the most important prerequisites for a successful energy transition. Development Minister Alabali Radovan will be meeting with Indonesian partners to discuss further opportunities for cooperation in the area of critical raw materials and the diversification of supply chains. As part of the German development policy reform, the BMZ has identified nine new focus countries in which it is involving German companies even more closely in development projects and in dialogue with governments. Alongside Indonesia, these focus countries in which closer ties with the private sector are being fostered comprise Ghana, Kenya, Morocco, South Africa, Brazil, India, Mexico and Viet Nam. As part of promoting cooperation with the private sector, Development Minister Alabali Radovan launched the Action Plan for Business and Development (External link) in autumn of last year.
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