Impiro Invests in Solar Market Growth in Indonesia
Impiro has announced a major investment into PT Contained Energy Indonesia, a company involved in various areas of renewable energy in Indonesia and Pacific Islands.
Contained Energy delivers premier quality energy solutions, from design and system selection, to installation and maintenance, and even financial assistance. The company is a market-leader in the fast-growing markets for cost-saving, secure, alternative and eco-friendly energy solutions, providing a diverse range of energy systems that can be custom-designed to fit the client's needs, whether for a private villa, business or entire community.
Energy is a basic building block for prosperity and development, and clean energy is a must for developing countries in South East Asia. Many of these markets are maturing quickly and market conditions for solar are improving by the month, opening opportunities for solar companies that have long been competing with subsidized (state-owned) electricity rates and have mostly been restricted to off-grid markets.
On the one hand, solar modules have dropped in costs by over 75% in the last three years, and on the other hand, in Indonesia, electricity rates have increased by 60% in 2014 alone, resulting in a much better economic framework for solar installations.
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.
"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. Contained Energy provides us with a foothold in a rapidly developing industry, with phenomenal growth opportunities for decades to come. We had great synergy with the owners of Contained Energy throughout our due diligence process and all signs pointed to it making a lot of sense for us to get involved in the renewable energy market and this company", said Impiro mentor and lead investor Simon Landsheer.
With recent significant increases in electricity rates and net-metering being introduced in Indonesia, Impiro and Contained Energy will implement an aggressive and rapid action plan to develop the market and further expand upon the already impressive track record of Contained Energy.
Contained Energy founder and Managing Director Pieter de Vries commented that "we look forward to a very fruitful relationship with Impiro and are excited to have them as part of the Contained Energy story. This is an exciting time in the Indonesian renewable energy industry. Through the expertise of Contained Energy within the renewables market and with the experience of the Impiro team, we anticipate great growth for us moving forward and certainly intend to achieve a leading position within the Indonesian market both on a consumer and commercial level".
With a ramp-up of sales and marketing efforts in conjunction with an anticipated rebranding of the company, a new era awaits Contained Energy. The implementation of a strategic approach aims to introduce best practices to the industry as well as innovative ideas to accelerate market adoption and user acceptance.
"Contained Energy is a company with a track-record of more than a decade in Indonesia and an already impressive 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", said Impiro mentor, Eric Dadoun.
