Swedish marine energy developer Minesto joins a government-backed Sweden-Indonesia partnership to explore Indonesia’s estimated 60 GW ocean energy potential and advance tidal power projects with local partners.
Swedish marine energy developer Minesto has joined the Sweden-Indonesia Sustainability Partnership (SISP), a government-backed initiative aimed at accelerating sustainable energy development and creating commercial opportunities for tidal power in Indonesia. The collaboration will focus on developing partnerships, exploring financing options and advancing projects that could harness the country’s estimated 60 gigawatts (GW) of ocean energy potential.
Under the partnership’s Sustainable Energy Programme, Minesto will work with Business Sweden to identify strategic partners and support the development of commercial projects. The initiative brings Swedish companies and Indonesian stakeholders together to promote sustainable technologies and strengthen cooperation in the energy sector.
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Indonesia’s extensive network of islands and straits offers favourable conditions for harnessing tidal currents. The country is seeking to diversify its energy mix and expand renewable electricity generation, particularly across remote islands where reliable power supply remains a challenge. Tidal energy could complement solar and wind power by providing electricity from predictable ocean currents.
Minesto develops underwater energy systems designed to generate electricity from tidal and ocean currents. Its technology is intended to operate at sites with relatively low current speeds, potentially opening up locations that may be unsuitable for conventional tidal power systems. The company believes this approach could help Indonesia utilise marine resources that remain largely untapped.
The latest partnership builds on Minesto’s existing activities in Indonesia. One potential project is located at Nusa Penida, southeast of Bali, where the company and local partners are conducting feasibility assessments. The work is intended to evaluate opportunities for deploying tidal energy technology and developing commercially viable projects.
Through its collaboration with Business Sweden, Minesto plans to strengthen local partnerships and examine pathways for moving potential projects towards implementation. Financing arrangements, project development requirements and cooperation with Indonesian stakeholders will be important to turning the country’s marine energy resources into operational electricity generation.
Business Sweden said Indonesia’s ocean and hydropower resources could help diversify its renewable energy mix, while Minesto’s technology may offer a complementary source of predictable electricity. The partnership also supports Indonesia’s broader ambition to achieve net-zero emissions by 2060.
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Although Indonesia’s estimated ocean energy potential is substantial, the 60 GW figure represents a resource estimate rather than installed or immediately available generating capacity. Commercial deployment will depend on site assessments, infrastructure, financing, regulatory approvals and the economic viability of individual projects.