Surveyor Indonesia and ICDX Collaborate to Strengthen National REC Ecosystem
PT Surveyor Indonesia has forged a partnership with the Indonesia Commodity and Derivatives Exchange (ICDX) to bolster the national Renewable Energy Certificate (REC) ecosystem. This collaboration is anticipated to establish a more transparent and credible renewable energy trading system.
The agreement encompasses the strengthening of testing, inspection, and certification (TIC) processes, as well as the development of an REC system aligned with international standards. This step is deemed essential to meet the demands of the sustainable energy market.
Surveyor Indonesia’s President Director, Fajar Wibhiyadi, stated that this collaboration forms part of efforts to address energy transition challenges and global sustainability requirements. “The signing of this Memorandum of Understanding represents a strategic step in enhancing synergy among institutions, particularly in supporting the strengthening of testing, inspection, and certification, as well as developing the renewable energy ecosystem in Indonesia,” Fajar said in a press release on Thursday (9/4/2026).
He added that a robust REC system will ensure credibility and transparency in the national clean energy ecosystem. “This collaboration is crucial to ensure that Indonesia can build a credible, transparent, and integrity-driven sustainability ecosystem, aligned with national policies and international practices,” Fajar remarked.
Under this partnership, Surveyor Indonesia will handle verification and certification of renewable energy attributes, including the development of a traceable registry system. This role also reinforces the conformity assessment body’s function in maintaining the quality and integrity of sustainability instruments.
For businesses, verified RECs provide access to decarbonisation tools that can fulfil ESG commitments. Furthermore, transparency in exchange transactions is expected to boost investor and global partner confidence.
The collaboration also opens opportunities for green financing and accelerates the formation of a more structured renewable energy market. Cost efficiency in energy transition for industries is anticipated to improve as this ecosystem develops.
On the other hand, strengthening RECs is seen as a driver for utilising clean energy, impacting environmental quality positively. New economic activities in the sustainable energy sector also hold growth potential.
The agreement further includes enhancements to governance, risk management, and capacity building for stakeholders through education and outreach.