Minesto partners with Business Sweden to accelerate tidal energy deployment in Indonesia, targeting a massive 60 GW market potential to diversify the country's renewable energy mix.
Minesto has been selected for the Sweden-Indonesia Sustainability Partnership (SISP), a strategic initiative that facilitates collaboration with Business Sweden to unlock commercial opportunities in the Indonesian tidal energy market. With an estimated 60 GW of untapped marine energy potential in the region, this partnership provides a formal framework for Minesto to identify strategic partners, secure financing, and advance specific projects like the one currently under study at Nusa Penida.
The total potential for marine energy in Indonesia is estimated to be approximately 60 GW.
The goal is to develop commercial opportunities for Minesto's tidal energy technology by identifying strategic partners, securing financing, and driving project development.
Swedish marine energy developer Minesto has been selected for the Sweden-Indonesia Sustainability Partnership (SISP). In collaboration with Business Sweden, the company aims to unlock Indonesia's 60 GW tidal energy potential. This initiative strengthens Minesto's commercial footprint in the region, building on existing feasibility studies near Bali to support the nation's net-zero 2060 goals.
The partnership aims to identify strategic partners, secure financing, and accelerate the commercial development of Minesto's tidal energy technology in Indonesia.