ACEN, Puri Usaha Group partner to develop RE in Indonesia

• New joint venture Suryagen Capital will create big scale solar, battery energy storage system as well as green hydrogen projects in Indonesia
• The joint venture entity will certainly create projects spanning the BBK islands as well as the East Nusa Tenggara province

Ayala Group's provided energy platform, ACEN and the Puri Usaha Group have announced that they will certainly collaborate on a platform for the joint development of renewable energy projects in Indonesia concentrating on large-scale solar power plants, battery energy storage space systems as well as green hydrogen projects. ACEN claims that the plan goes through applicable regulative authorizations and also execution of definitive documentation. The proposed joint venture entity is Suryagen Capital Pte. Ltd

According to the official statement of the business, the Suryagen platform covers the Batam, Bintan as well as Karimun (BBK) islands as well as East Nusa Tenggara province where most of the projects that the Puri Usaha Group have actually been establishing lie. It intends to begin the construction of its first project by 2023. These are also the a lot more 'industrialised' islands thanks to investments from Singapore based firms.

The Puri Usaha Group contributed in the development of a consortium to join the just recently announced ambitious cross border campaign to import renewable energy from Indonesia for the Singaporean market. The historic project which intends to build renewable power in Indonesia as well as export the power to Singapore via a subsea cable will be the very first project the Suryagen platform means to develop.

" ACEN is an ideal calculated partner for the Puri Usaha group to strengthen our overall capabilities in undertaking our major projects around Indonesia beginning with the historic cross border green electricity project from Batam to Singapore" said Ben Subrata- Chief Executive Officer of Puri Usaha Group.

Patrice Clausse, CEO of ACEN, said, "In the time since we have actually started discussions, we have discovered the tremendous vision the Puri Usaha group have for the renewables market in Indonesia. It is a vision that we share, as the nation has tremendous potential to remain to grow as well as broaden its renewable energy assets and we are thrilled concerning the potential of the Suryagen platform."

ACEN presently has about 3,800 MW of capacity in the Philippines, Vietnam, Indonesia, India, and Australia with a renewable share of capacity at 87%. Puri Usaha Group recognizes, develops, as well as participates in investments in power assets in Indonesia as well as Timor Leste.