The government's plan to export electricity to Singapore has made downstream solar power industries from a number of countries compete to set up factories in Batam. A company from the US, Atelier Solar, has also invested in Batam.
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President Director of Wiraraja Industrial Zone, Akhmad Ma'ruf, said on Monday that Atelier Solar is a company that produces solar panels and batteries. In the first phase, the company will invest Rp 1 trillion to build a 2-hectare factory in the Wiraraja Industrial Zone. According to Ma'ruf, many new renewable energy companies from the US, China, Japan and Singapore are interested in building factories in Batam. This is because of Batam's strategic location on international shipping routes. Apart from that, as a free trade zone , Batam also offers fiscal incentives to investors.
Later, at the Leaders' Retreat meeting in Singapore on March 17, 2023, the Coordinating Ministry for Maritime Affairs and Investment signed a memorandum of understanding with the Singaporean Government to develop new renewable energy . The cooperation includes investment in developing EBT industry and manufacturing capabilities in Indonesia from upstream to downstream.
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