Jakarta, June 14 -- Indonesia and Singapore have agreed to invest more than US$10 billion in green energy initiatives, marking a major step toward regional sustainability.

"The signing of three memorandums of understanding (MoUs) between Indonesia and Singapore today brings benefits to both countries," said Indonesia's Minister of Energy and Mineral Resources, Bahlil Lahadalia, on Saturday.

The US$10 billion investment will support the implementation of environmentally sustainable energy policies, including the development of a solar panel supply chain, the patenting of carbon capture and storage (CCS) technologies, and the creation of green industrial zones.

Lahadalia noted that the scale of the investment reflects both countries' str...