ACEN Corp. has partnered with Indonesian firm PT Barito Renewables Energy Tbk to accelerate the development of wind energy projects across Indonesia.
In a disclosure to the Philippine Stock Exchange yesterday, ACEN said the strategic partnership will be executed through its subsidiary ACEN Indonesia Investment Holdings Pte. Ltd. and Barito Renewables’ subsidiary PT Barito Wind Energy.
ACEN said the partnership builds on the acquisition of three strategically located late-stage wind development assets in South Sulawesi, Sukabumi and Lombok, announced last January.
The company said the wind assets collectively offer a potential capacity of 320 megawatts (MW) of wind energy, supplemented by battery energy storage solutions which is expected to enhance grid stability and efficiency across Indonesia.
“This exclusive partnership with Barito Renewables represents a bold step forward in our commitment to advancing Indonesia’s renewable energy sector. It not only aligns with ACEN’s growth strategy in the region but also exemplifies our dedication to fostering innovative and sustainable energy solutions,” said Patrice Clausse, ACEN Group chief investment officer, in a statement.
Hendra Tan, Barito Renewables chief executive officer, said the partnership with ACEN will help drive sustainable energy growth in Indonesia as the country is also aiming to transition to a low-carbon economy.
ACEN, as a group, is one of the fastest growing renewable energy (RE) platforms in the Asia Pacific.
The company has effectively achieved its goal of reaching 5,000 MW of RE capacity by 2025, with attributable capacity representing 4,700 MW of installed projects and 1,000 MW of signed agreements or won competitive tenders.
ACEN aims to increase its renewable capacity to 20,000 MW by 2030 to help provide clean, reliable and affordable energy to more people and to become a Net Zero greenhouse gas emissions company by 2050.
Apart from the Philippines and Indonesia, ACEN also has projects in Australia, Vietnam, Lao People’s Democratic Republic, India, United States and Taiwan.
