ACWA Power's Strategic Partnerships for Clean Energy Development in Indonesia
Key Ideas
- ACWA Power and PT Pertamina have signed strategic partnerships to develop renewable energy, green hydrogen, and water desalination projects in Indonesia.
- The partnerships aim to achieve Indonesia's renewable energy targets by 2034 and 2060 with a total project funding of up to USD 10 billion.
- The collaborations symbolize a commitment to supporting Indonesia's energy and water security goals while fostering a sustainable and greener future.
- The agreements reflect a broader commitment to catalyze sustainable growth, enhance energy resilience, and attract foreign direct investment in Indonesia's energy transition.
Badan Pengelola Investasi Daya Anagata Nusantara Danantara (Indonesia) has announced strategic partnerships in the energy sector. ACWA Power, a leader in green hydrogen and water desalination, signed a Memorandum of Understanding (MoU) with Danantara Indonesia. Additionally, ACWA Power entered a partnership with PT Pertamina, an Indonesian state-owned oil and gas corporation, to collaborate on power generation and water desalination projects. The agreements focus on investments in renewable energy, green hydrogen, and water desalination, aiming to help Indonesia achieve its renewable energy mix targets. With a project funding of up to USD 10 billion, the partnerships symbolize a significant step towards Indonesia's clean energy goals. Raad Al Saady of ACWA Power expressed pride in supporting Indonesia's energy and water security goals. Rosan Perkasa Roeslani of Danantara highlighted the partnerships' role in positioning Indonesia as a key player in the global energy transition. Simon Aloysius Mantiri of PT Pertamina emphasized the commitment to a dual growth strategy focusing on energy security and the energy transition. The collaborations aim to create tangible value for both nations and lead the region's transformation towards a low-carbon economy, fostering a greener and more prosperous future.