Indonesia's sovereign fund, Danantara, has unveiled a groundbreaking partnership with Saudi Arabia's ACWA Power, signaling a significant step towards bolstering Jakarta's green energy transition. The memorandum of understanding (MoU) signed between the two entities during President Prabowo Subianto's state visit to Saudi Arabia focuses on expanding investments in Indonesia's renewable energy sector, green hydrogen initiatives, and water desalination projects. ACWA Power, known for its expertise in water desalination, will also collaborate with state-run energy firm Pertamina to develop clean energy projects in Indonesia. The partnership aims to leverage a total investment of up to $10 billion to support Indonesia's ambitious target of achieving 34% of renewables in its energy mix by 2034. Danantara's Chief, Rosan Roeslani, expressed confidence in the collaboration, emphasizing its potential to position Indonesia as a key player in the global energy transition. ACWA Power's vice chairman, Raad Al-Saady, highlighted the company's commitment to Indonesia's long-term energy and water security objectives. Notably, ACWA Power's impressive portfolio and vast experience in desalinated water production further enhance the partnership's potential to drive sustainable growth in Indonesia's energy sector. The agreements signed during Prabowo's visit underscore Indonesia's success in securing substantial business deals, with expectations of approximately $27 billion in investments from the Saudi trip alone. This strategic collaboration between Danantara and ACWA Power exemplifies a proactive approach to fostering green energy solutions globally, aligning with Indonesia's vision for a more sustainable and environmentally friendly energy landscape. As Danantara continues to forge international partnerships, such as the recent joint investment platform with Russia, the country is poised to play a significant role in advancing clean energy initiatives on a global scale.