ACEN has partnered with Indonesian company Puri Usaha Group on a platform for the joint development of groundbreaking renewable energy projects in Indonesia.
In a disclosure to the Philippine Stock Exchange, ACEN said these projects include large-scale solar power plants, battery energy storage system and green hydrogen projects.
Suryagen Capital Pte. Ltd., the proposed joint venture entity of the parties, will cover the Batam, Bintan and Karimun islands as well as East Nusa Tenggara province where majority of the projects that the Puri Usaha Group has been developing are located. Construction of the first project will begin by next year.
Puri Usaha Group led the formation of a consortium to participate in the recently announced cross border initiative to import renewable energy from Indonesia for the Singaporean market. – Jed Macapagal
