Indonesia and China Target Renewable Energy Business
Chinese business in Indonesia is intensifying, with renewable energy emerging as a primary new target sector. PT Bank OCBC NISP, known as OCBC Indonesia, alongside OCBC Singapore, brought together approximately 40 Chinese companies and 25 Indonesian companies during the OCBC One Connect forum.
This forum is designed to unlock investment opportunities and business cooperation, specifically focusing on the development of the renewable energy value chain. Martin Widjaja, Director of OCBC Indonesia, stated that OCBC One Connect serves as a bridge for Chinese companies looking to enter and expand their operations in Indonesia. Simultaneously, the platform assists Indonesian companies in exploring business opportunities in China and the surrounding region.
The selection of the renewable energy sector is strategic. The energy transition is viewed not only as a matter of sustainable development but also as a potential new engine for investment, technology, and economic growth. Notably, the business activities of Chinese companies in Indonesia through OCBC continue to rise. As of July 2024, the number of Chinese business clients at OCBC Indonesia has surged by more than 80 per cent year-on-year, while credit and funding volumes have doubled compared to the same period last year.
This growth indicates the expanding scale of Chinese corporate activity in Indonesia, creating opportunities for the banking sector to provide financing and cross-border transaction services. Through market insight sessions and business matching, OCBC One Connect brings together companies, investors, manufacturers, technology providers, and financing partners. The objective is to build collaboration from upstream to downstream, spanning investment, manufacturing, technology, and renewable energy financing.
The potential for growth remains vast. Data from the Ministry of Energy and Mineral Resources (ESDM) indicates that Indonesia’s new and renewable energy mix reached 15.75 per cent in 2025, with an installed capacity of 15,630 megawatts. This implies that the demand for investment, technology, manufacturing, and financing to develop the renewable energy ecosystem remains substantial. Collaboration between Indonesia and China has the potential to not only attract investment but also strengthen the renewable energy supply chain within Indonesia. From investment and technology to manufacturing and financing, the green energy business chain is becoming a new arena for economic cooperation between Indonesia and China.