JAKARTA (Rambu Energy) – Impiro, an investment firm based in Singapore, said it has provided a major investment into PT Contained Energy Indonesia, a company involved in various areas of renewable energy in Indonesia and Pacific Islands.
Impiro, however, did not disclose the amount of the investment extended to Contained Energy.
“We are very proud to make this significant investment and especially to do so in this industry following some of the significant changes which have taken place in the local alternative energy market”, said Impiro mentor and lead investor Simon Landsheer.
“Contained Energy provides us with a foothold in a rapidly developing industry, with phenomenal growth opportunities for decades to come,” he added.
Contained Energy founder and Managing Director Pieter de Vries told rambuenergy.com that the investment is “significant” for Container Energy as it will allow Contained Energy to have more funding sources to tap the growing electricity needs, in particular for solar power, of Indonesian consumers.
De Vries said in the past ten years, his company has provided renewable energy solutions to homes, villas, resorts, hotels, industrial sites and development projects in offices in Bali and Jakarta.
The company was founded by two long-term Dutch expats. Contained Energy provides energy solutions, from design and system selection, to installation and maintenance as well as financial assistance.
Eric Dadoun, Impiro mentor, said that Contained Energy is a company with a track-record of more than a decade in Indonesia and already has list of historical and ongoing projects.
“We’re grateful for the opportunity to work hand in hand with Pieter and his team to cement their position in the country specifically as well as the industry as a whole”, Eric Dadoun said.
Impiro said in the statement that solar systems, with life expectancies of over 25 years, now provide an attractive hedge against future energy inflation. Forward-leaning individuals and companies worldwide such as IKEA, Body Shop, Aqua Danone, and others are setting the trend in utilizing this clean, green, and stably priced energy source.
Impiro said solar modules have dropped in costs by over 75 percent in the last three years. On the other hand, in Indonesia, electricity rates have increased by 60 percent in 2014 alone, resulting in a much better economic framework for solar installations.
Impiro said with recent significant increases in electricity rates and the introduction of net-metering in Indonesia, Impiro and Contained Energy will implement an “aggressive and rapid action plan” to develop the solar power market in Indonesia. (*)