Indonesia's newly established sovereign wealth fund, Danantara, has announced a substantial $10-billion partnership with ACWA Power to explore investments in the country's power and water sectors. The initiative focuses on accelerating Indonesia's energy transition by emphasizing renewable power generation, green hydrogen, and water desalination projects. These efforts align with Indonesia's strategic plan to achieve a 34% renewable energy mix by 2034 and an ambitious target of 87% by 2060. ACWA Power, a global leader in renewable energy and green hydrogen, signed a separate strategic partnership with PT Pertamina to co-develop large-scale renewable energy and water desalination projects in Indonesia. The collaboration aims to develop 500MW in renewable and gas-to-power projects, green hydrogen production, and maintenance services, paving the way for new electricity tenders and advanced energy technologies. The partnership represents a significant step in positioning Indonesia as a key player in the global energy transition, fostering sustainable growth and energy resilience. Danantara's plans to secure a $10-billion multicurrency loan indicate its commitment to attracting foreign investment and driving the transformation towards a low-carbon economy. The collaboration with ACWA Power and PT Pertamina underscores Indonesia's growing ambition to lead in clean energy and sustainable infrastructure, leveraging state capital and international partnerships through Danantara to achieve a greener future.