Jakarta. Indonesia and China signed three memorandums of understanding (MoUs) worth about $2 billion (Rp36 trillion) on Thursday, underscoring deepening economic ties between the two countries in renewable energy, manufacturing and infrastructure.

The agreements were signed during the Indonesia-China Partnership Forum in Jakarta.

Indonesia's Ambassador to China, Djauhari Oratmangun, said the largest agreement involves the development of a 300-megawatt agrivoltaic solar power plant in North Sumatra, with an investment value of around $1.35 billion.

The project, which combines solar power generation with agricultural activities on the same land, is expected to become one of the largest green energy projects in North Sumatra.

The two countries also signed an agreement between Indonesian food and beverage producer Jobubu Jarum Minahasa and China's Guangxi G. Taste Food Co., Ltd., as well as a cooperation agreement between Telkom Properti Indonesia and CNEC Engineering Indonesia.

Combined, the three agreements carry an estimated economic value of about $2 billion, Djauhari said.

Speaking at the forum, Djauhari said Indonesia continues to improve its investment climate by simplifying licensing procedures, strengthening the business environment and providing greater legal certainty for investors.

The government is seeking high-quality investment that transfers technology, creates jobs, develops local talent, strengthens domestic industries and generates greater value-added within Indonesia, he said.

Djauhari identified renewable energy and advanced technology as key sectors for expanding Indonesia-China cooperation. Indonesia is accelerating the development of renewable energy, electric vehicle and battery industries, and green industrial estates as part of its broader industrial transformation agenda.

In technology, Indonesia hopes to deepen collaboration with China in areas including artificial intelligence, smart manufacturing, digital industries, green technology and industrial automation.

"Indonesia is not merely a technology market, but a productive partner, an innovation partner and a growth partner," Djauhari said.

He said the two countries possess complementary strengths, with China bringing expertise in technology, manufacturing, capital and supply chains, while Indonesia offers a large domestic market, abundant strategic natural resources, a young workforce and a commitment to industrial upgrading.

China remains one of Indonesia's largest trading partners and foreign investors. According to data from Indonesia's Ministry of Investment and Downstream Industries, Chinese investment in Indonesia reached $38.34 billion between 2021 and the first half of 2026, creating more than 500,000 jobs.