This article only represents the author's own views.
Indonesia’s economy is on a roll. The archipelago nation harbors ambitions for 8% growth a year on its growing strength as an exporter of coal, palm oil, LNG, and stainless steel made from its booming nickel mining industry.
Investments from China are driving this growth—and run the gamut from traditionally dirty industries (mining, steel, and aluminum) to the crown jewels of Chinese clean energy tech: batteries, electric vehicles (EVs), and solar panel production. In 2023, Xinyi Glass, the world’s largest solar PV panel maker, announced an 11.5 billion USD investment in a quartz sand processing plant in Indonesia.
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