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Manila Bulletin devider Business devider ACEN, Indon partner to advance dev't for 320MW wind projects across 3 Indonesian sites

ACEN, Indon partner to advance dev't for 320MW wind projects across 3 Indonesian sites

Published Aug 27, 2024 06:47 am

At A Glance

  • Indonesia, in particular, is widely regarded as a market dominated by fossil fuels as that country is richly endowed not just with indigenous coal, but also oil and gas resources; hence, the entry of renewables would considerably be a bold step as that will be treated as a major challenge to the status quo.<br> 

Ayala-led ACEN Corporation and its offshore partner firm PT Barito Renewables Energy Tbk (Barito Renewables) are poised to accelerate the commercial development of wind farm projects with 320-megawatt aggregate capacity across three project-sites in Indonesia.

In a statement to the media, the company indicated that the installations will be sited in South Sulawesi, Sukabumi, and Lombok; and that shall be amalgamated with energy storage systems.

According to Patrice Clausse, chief investment officer of the Ayala energy firm, the Indonesia venture “not only aligns with ACEN’s growth strategy in the region but also exemplifies our dedication to fostering innovative and sustainable energy solutions.”

He vouched that via the tie-up with Barito Renewables,” we are prepared to set new benchmarks in the industry and contribute meaningfully to Indonesia’s clean energy goals."

The partnership between ACEN and PT Barito was first announced in January this year; and the wind projects shall serve as its pioneering venture in that offshore market.

“This exclusive collaboration, effective immediately, brings together two industry leaders, united in their vision to drive the nation’s shift towards a sustainable energy future,” the Ayala firm said.

The corporate vehicle for the project, ACEN stated, will be concretized via its subsidiary ACEN Indonesia Investment Holdings Pte. Ltd., and PT Barito Wind Energy, which is also a subsidiary of Barito Renewables.

“These assets collectively offer an impressive potential capacity of 320 MW of wind energy, supplemented by cutting-edge battery energy storage solutions, poised to enhance grid stability and efficiency across the region,” ACEN stressed.

The partner-firms have not disclosed the scale of investments as well as the equity take of each party in the transaction.

On the part of Barito Renewables, its CEO Hendra Tan noted that its project-developments with ACEN will serve as their company’s pioneering investments in the RE sector; and will help usher in a green energy future for the Southeast Asian market.

Indonesia, in particular, is widely regarded as a market dominated by fossil fuels as that country is richly endowed not just with indigenous coal, but also oil and gas resources; hence, the entry of renewables would considerably be a bold step as that will be treated as a major challenge to the status quo.

“The partnership signals a robust commitment to exploring and developing innovative wind energy projects that will play a vital role in Indonesia’s transition to a low-carbon economy,” ACEN said.

It further emphasized that “by harnessing the strengths of both ACEN and Barito Renewables, the partnership aims to lead the charge in Indonesia’s journey toward decarbonization, ensuring the delivery of clean, reliable, and sustainable energy to meet the growing demands of the nation.”

Related Tags

energy transition ACEN Corporation wind farm development Indonesian energy market PT Barito Renewables
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