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Indonesia

Indonesia

GE signs renewables MOU with Indonesia

INDONESIA: GE has signed an agreement with the Indonesian government to develop renewable energy projects as part of the country's expansion of its environmentally-friendly energy supply.

The agreement will see GE work with the Indonesian technology assessment agency (BPPT) to develop wind technologies and other renewable energy projects.

GE and the agency will first work on initiatives developed through Indonesia's wind hybrid power generation project. The project pairs wind power with back-up energy sources, such as photovoltaic panels or natural gas, that come online in the event of slow wind speeds.

The Indonesian government's goal is to supply 17% of the country's power from renewable sources by 2025. Currently 3.4% of Indonesia's energy is provided by renewables.

GE's Indonesian deal follows the announcement of a joint venture with Harbin Electric Corporation, a Chinese state-owned company.

The new company will build and supply wind turbines for the Chinese market. The venture will also provide sales, startup and maintenance.

It will also continue to develop direct-drive turbine technology, and develop inter-tidal and offshore wind projects.

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