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Australia looks to pension funds to fuel Southeast Asia clean energy expansion

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Australian Deputy Ambassador to Indonesia Gita Kamath visits the Muara Laboh geothermal power plant in West Sumatra. (Photo: Australian Embassy Jakarta)

Australia is optimistic about markets in Indonesia and other Southeast Asian countries, and is expected to further expand regional trade partnerships. According to Paul Grimes, CEO of the Australian Trade and Investment Commission (Austrade), the energy transition has become a key area for joint investment with Indonesian companies. 

A recent survey released by the Australian Embassy in Jakarta also showed strong corporate confidence, with more than 30 percent of Australian firms identifying Indonesia as a priority market for expansion.

Australia boosts Indonesia investment for energy transition

Historically, Australia’s outbound investment has focused on North America and Europe, but attention is now shifting to Southeast Asia, particularly Indonesia. Speaking at a press briefing on Nov. 18, Grimes emphasized the importance of establishing long-term relationships in Indonesia, noting that sustained cooperation delivers mutual benefits.

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