Selected for the partnership
Minesto, an ocean energy developer based in Gothenburg, said it had been selected to take part in the Sweden-Indonesia Sustainability Partnership, a Swedish government-backed initiative that supports sustainable development and business collaboration in Indonesia. The company said it will work with Business Sweden to advance tidal energy opportunities there.
What the programme covers
Within the partnership's Sustainable Energy Programme, Minesto and Business Sweden will work to develop commercial opportunities for the company's tidal energy technology. Minesto said this includes identifying strategic partners, helping to open access to financing and moving project development forward.
Resource and the technology
Minesto said Indonesia's total ocean energy potential is estimated at roughly 60 GW, with its islands and straits creating conditions for tidal currents. The company also said electricity generation in the country remains heavily dependent on fossil fuels and that expanding renewable energy across thousands of islands is a considerable challenge. According to Minesto, its technology generates electricity from predictable tidal currents, including at sites with lower flow velocities, and can complement solar and wind.
Nusa Penida work and remarks
Minesto said the collaboration builds on its existing business development in Indonesia, including feasibility assessments carried out with local partners for a tidal project at Nusa Penida, southeast of Bali. Martin Edlund, the company's chief executive, said Indonesia is one of the largest global markets for its technology, pointing to tidal resources and demand for reliable renewable electricity.
Johan Lennefalk, acting country manager for Indonesia at Business Sweden, said tidal currents that have been difficult to use could supply predictable renewable electricity and contribute to the country's target of net-zero emissions by 2060. Peter Hjertsson, energy lead at Business Sweden, said the partnership connects Swedish companies with Indonesian demand for sustainable energy solutions and that larger-scale strategic initiatives at national level could be explored.
