Recently, the management teams of PCG Power and LOK Capital paid a visit to Indonesia. They held talks with Agus Gumiwang Kartasasmita, Minister of Industry, and Rosan Perkasa Roeslani, Minister of Investment and Downstream Industry (CEO of Danantara). In-depth discussions were held focusing on topics such as China-Indonesia cooperation in renewable energy, net-zero emissions target for 2050, and the development of the green economy. At PCG Power's invitation, Mr. Rosan plans to visit China in the near future. The two sides will strengthen exchanges and cooperation to explore new opportunities for green energy development.

Indonesia, the world's largest coal producer and Southeast Asia's major natural gas supplier, has long relied on fossil fuels. To accelerate its green transition, the Indonesian government committed to achieving 23% renewable energy in its energy mix by 2025 and net-zero emissions by 2050. In addition, Danantara Indonesia, a national sovereign wealth fund investment management agency, was established in February this year. Danantara manages over $900 billion in assets, making it one of the world's largest sovereign wealth funds. Danantara oversees seven state-owned enterprises, including PLN, Pertamina, Telkom Indonesia, Mining Industry Indonesia, Bank Mandiri, Bank Negara Indonesia, and Bank Rakyat Indonesia. As Danantara's inaugural CEO, Mr. Rosan will focus on advancing renewable energy, green industrial parks, and downstream industries.

As China's leading integrated provider of green energy services, PCG Power will operate through a "government-enterprise coordination + industrial chain cooperation + financial capital linkage" model to maximize its edges across the industrial chain in solar power generation, energy storage systems, and smart energy management. It will work with its Indonesian partners to build a clean energy ecosystem covering production, storage, and consumption, supporting Indonesia to achieve its goals for 2030. Through tailored solutions, PCG Power plans to help Indonesia maximize its solar energy potential, promote industrial solar projects in scenarios such as residential complexes and industrial parks, and drive the construction of green industrial parks and smart microgrids. Meanwhile, the first batch of projects is scheduled for launch within 2025.

Indonesia's Nationally Determined Contribution (NDC) targets for 2030 are outlined in the 2021-2030 Electricity Supply Business Plan (RUPTL) issued by PLN. According to this plan, Indonesia aims to add approximately 40.6 GW of power generation projects from 2021 to 2030, with about 51.6% from renewable energy projects. By 2030, the additional 4.7GW of solar power capacity will be installed, accounting for 12% of the total new installations.

Rosan Perkasa Roeslani

He is an Indonesian politician, diplomat, and businessman, currently serving as the Minister of Investment and Downstream Industry and CEO of Danantara. He ranked 87th on the 2021 Forbes Indonesia Rich List with a net worth of $450 million.

Agus Gumiwang Kartasasmita

He is the Minister of Industry of Indonesia. Since August 13, 2024, he has also served as the Acting Chairman of the Golkar Party. Previously, he served as Minister of Social Affairs from August 28, 2018 to October 20, 2019, in place of Idrus Marham, and was a member of the People's Representative Council of Indonesia from 2009 to 2014.