French companies team up to pursue renewable energy investment in Indonesia
Companies from France found business group to represent interests of French companies interested in renewable energy investment in Indonesia, with companies like ENGIE already being active on geothermal development in the country.
Reported this morning from Jakarta, companies from France have founded a business group to “represent French companies that aim to tap into the huge potential in Indonesia’s renewable energy sector.”
The group is named French Renewable Energy Group (FREG) and is set together by companies that are either already operating in Indonesia, or having an interest in investment into renewable energy projects in the country. The group also includes a branch of the Syndicate for Renewable Energy (SER) in France, the largest renewable energy organization.
At a meeting in Jakarta, French Minister of Foreign Affairs Jean-Marc Ayrault acknowledged Indonesia’s drive for renewable energy development and said that France has “many innovative and high-achieving companies in France […] The new energy group that we have formed in Indonesia will be a stage where we can show off France’s strengths in the energy sector.”
The group was launched on Tuesday this week at the Energy and Mineral Resources Ministry in Jakarta, Indonesia with the goal to strengthen bilateral cooperation in the renewable energy sector.
FREG is expected to enhance business-to-business contact between French and Indonesian companies and to encourage more French renewable energy companies to invest in Indonesia. Furthermore, the group will work together with the Indonesian Renewable Energy Society (METI) to help identify and develop renewable energy projects in the country.
There are a variety of French companies active in geothermal energy development internationally and it can be expected that the French Geothermal Cluster (GeoDEEP) is involved in these efforts.
French company Engie (formerly GDF Suez) through its daughter company Storengy is actively developing geothermal projects in Indonesia. See our reporting on these efforts here.
Source: The Jakarta Post