Aslan and Calypte Join Forces for 2-GW Indonesian Solar Hub

• Aslan Energy and PT Calypte Sugi Power join forces to unveil a groundbreaking 2-GW solar hub in Indonesia, powering a sustainable future by 2027!

Aslan Energy Capital and PT Calypte Sugi Power have signed a memorandum of understanding (MoU) to collaborate on the development of a 2-GW solar power hub in Indonesia. The Sugi Power Hub will be located on Sugi Island in the Riau Islands Province, with an initial solar capacity of 1 GW expected to come online by the third quarter of 2026. The project aims to double its capacity to 2 GW by the end of 2027.

Preliminary work on the hub is already in progress, having completed feasibility studies, with detailed project engineering scheduled to begin soon. The final investment decision is anticipated in the second quarter of 2025. PT Calypte Sugi Power is a subsidiary of Calypte Holding, a group focused on energy and industrial development, while Aslan is engaged in project development and new energy assets across Asia and the Americas.

What are the key milestones and timeline for the Sugi Power Hub development?

Key Milestones and Timeline for the Sugi Power Hub Development

- Signing of Memorandum of Understanding (MoU):
- Date: Date TBD (2023)
- Details: Aslan Energy Capital and PT Calypte Sugi Power formalized their partnership to collaborate on the solar power project.

- Feasibility Studies Completed:
- Date: Completed in 2023
- Details: Initial assessments and studies to evaluate the project's viability have been successfully concluded.

- Detailed Project Engineering:
- Start Date: Expected to begin in mid-2024
- Details: Comprehensive engineering designs and plans for the solar power hub to be developed, focusing on infrastructure and technology.

- Final Investment Decision (FID):
- Anticipated Date: Second quarter of 2025
- Details: Critical decision point for securing financing and moving forward with implementation based on finalized plans and budget.

- Construction Start Date:
- Projected Date: Late 2025
- Details: Groundbreaking and initial construction activities for the 1 GW capacity solar installation are expected to commence.

- First Phase Capacity Commissioning (1 GW):
- Projected Date: Third quarter of 2026
- Details: Completion of the initial phase enabling the first 1 GW of solar power to be operational and feeding into the local grid.

- Expansion Phase Planning:
- Start Date: Late 2026
- Details: Assessing the infrastructure and market readiness for the second phase expansion necessary to double the capacity to 2 GW.

- Second Phase Capacity Completion (2 GW):
- Projected Date: End of 2027
- Details: The intended completion of the full 2 GW capacity is expected, solidifying the hub as a crucial part of Indonesia's renewable energy framework.

- Environmental and Social Impact Assessments:
- Timeline: Ongoing throughout project development phases
- Details: Continuous assessments to ensure compliance with environmental regulations and address community concerns as the project progresses.

- Connection to National Grid:
- Expected Completion: Concurrent with Phase 1 and 2 completion dates
- Details: Coordination with local utilities for effective integration of the power generated into Indonesia's national grid.

- Community Engagement and Development Programs:
- Initiation Date: Throughout the project lifecycle
- Details: Engagement with local communities to promote benefits, job creation, and sustainable practices related to the energy hub.

These milestones illustrate the strategic planning and execution timeline of the Sugi Power Hub, highlighting the commitment to renewable energy advancement in Indonesia.