The projects will include renewable energy generation and green hydrogen.
Riyadh-based ACWA
Power has inked agreements for various projects that will expand Indonesia’s
renewable energy generation capacity.
In a statement, ACWA
Power said one of the agreements was with Badan Pengelola Investasi Daya
Anagata Nusantara (Danantara Indonesia). This will cover projects in renewable
energy generation, combined cycle gas turbines, green hydrogen and water
desalination.
The second agreement
was with the state-owned oil and gas corporation PT Pertamina. Their
partnership includes the development of 500 megawatts of renewable energy and
gas-to-power projects, new electricity tenders, green hydrogen projects, and
operation and maintenance business lines.
“With a total project
funding of up to $10b, this partnership will help Indonesia in achieving its
target of a 34% mix of renewables in its total energy mix by 2034 and 87% by
2060, signalling a vast potential to become a clean energy leader in the coming
years,” ACWA Power said.
