ACEN Corp., the listed energy platform of the Ayala Group, said Tuesday it signed a partnership agreement with PT Barito Renewables Energy Tbk to accelerate the development of wind projects across Indonesia totaling 320 megawatts.
ACEN said in a statement the collaboration brings together two industry leaders, united in their vision to drive the nation’s shift towards a sustainable energy future.
The strategic partnership will be executed through ACEN’s subsidiary, ACEN Indonesia Investment Holdings Pte. Ltd., and Barito Renewables’ subsidiary, PT Barito Wind Energy.
It builds on the pivotal 2024 acquisition of three strategically located late-stage wind development assets in South Sulawesi, Sukabumi and Lombok, announced on Jan. 3, 2024.
These assets collectively offer potential capacity of 320 MW of wind energy, supplemented by cutting-edge battery energy storage solutions, poised to enhance grid stability and efficiency across the region.
“This exclusive partnership with Barito Renewables represents a bold step forward in our commitment to advancing Indonesia’s renewable energy sector. It not only aligns with ACEN’s growth strategy in the region but also exemplifies our dedication to fostering innovative and sustainable energy solutions,” ACEN Group chief investment officer Patrice Clausse said.
“Together with Barito Renewables, we are prepared to set new benchmarks in the industry and contribute meaningfully to Indonesia’s clean energy goals,” he said.
The partnership signals a robust commitment to exploring and developing innovative wind energy projects that will play a vital role in Indonesia’s transition to a low-carbon economy.
“Our exclusive partnership with ACEN represents a significant step toward realizing our mission of driving sustainable energy growth in Indonesia. This strategic move underscores our commitment to pioneering renewable energy solutions and contributing to a greener future,” Barito Renewables chief executive Hendra Tan said.
