French delegates established on Tuesday a new business group representing French companies that aim to tap into the huge potential in Indonesia’s renewable energy sector.
The new group, named the French Renewable Energy Group (FREG), comprises companies that already operate or have interests in investing locally and a branch of France’s largest renewable energy organization, Syndicate for Renewable Energy (SER).
French Minister of Foreign Affairs Jean-Marc Ayrault acknowledged Indonesia’s ongoing efforts to increase the use of renewable energy sources to make up 23 percent of all domestic energy needs by 2025, saying that France was willing to share its expertise with its counterparts.
“We have many innovative and high-achieving companies in France […] The new energy group that we have formed in Indonesia will be a stage where we can show off France’s strengths in the energy sector,” said Ayrault, who is also former French prime minister, during the FREG launch at the Energy and Mineral Resources Ministry’s office.
He also hoped that the newly-founded group could strengthen bilateral cooperation in this sector.
FREG is expected to enhance business-to-business contact between French and Indonesian companies and to encourage more French renewable energy companies to invest in Indonesia.
Furthermore, the group will work together with the Indonesian Renewable Energy Society (METI) to help identify and develop renewable energy projects in the country.