Indonesia's sovereign wealth fund, Danantara, has signed an MoU with ACWA Power, a Saudi Arabian company specializing in desalination and green hydrogen technology, to explore investments in renewable energy projects. The potential investments, which include green hydrogen, combined-cycle gas turbines, and water desalination projects, are estimated to reach up to US$10 billion. This collaboration aims to support Indonesia in achieving its renewable energy targets, such as a 34 percent mix by 2034 and 87 percent by 2060, showcasing the country as a significant player in the global energy transition. Additionally, ACWA Power has partnered with Pertamina, Indonesia's state-owned oil and gas company, to develop multi-billion-dollar projects focusing on clean energy initiatives, gas-to-power capacity, green hydrogen projects, and sustainable infrastructure. The partnerships emphasize a commitment to long-term energy and water security, aiming to drive Indonesia towards a greener and more prosperous future.