🚨🇮🇩INDONESIA #EMERGES AS #SOLAR HUB AMID US-CHINA TRADE WAR
🔹US Tariffs Impact: High #tariffs (up to 3,500%) on solar products from Southeast Asia push Chinese firms to relocate to Indonesia.
🔹Investment Surge: At least 4 new solar projects, targeting 22.9 GW capacity, linked to Chinese companies are underway.
🔹Government Support: Indonesia offers incentives, including relaxed local sourcing rules, to attract investment.
🔹Risks Ahead: Potential extension of US tariffs could disrupt Indonesia's solar ambitions.
-SCMP, May 2, 2025