To benefit from a new feed-in tariff (FiT) system to be introduced in Indonesia, Canadian Solar is planning to partner with local PV module manufacturer, PT Swadaya Prima Utama on a proposed 60MW plant.
The companies signed a Memorandum of Understanding (MOU) to evaluate the opportunity but did not provide further details.
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Shawn Qu, chairman and CEO of Canadian Solar, said: “The joint venture, if successful, will strengthen our position to participate in the Feed in Tariff program announced by the Ministry of Energy and Mineral Resources (MEMR) of Republic of Indonesia. The addition of this strategic capacity will also expand our footprint and give us greater flexibility in addressing global solar demand. We have a strong, local partner in PT Swadaya Prima Utama, which we expect to build into a mutually beneficial, long-term relationship, similar to other successful partnerships we have formed in the past.”
PT. Swadaya Prima Utama is said to have a 25MW module assembly plant in Indonesia.
