ACEN, Barito to acquire wind development assets in Indonesia

Barito will hold a 51% stake and ACEN will own a 49% share in the wind assets.

PT Barito Wind Energy and ACEN Investments HK Limited signed a sale and purchase agreement to acquire the late-stage wind development assets of UPC Renewables Asia Pacific Holdings in Indonesia with a total capacity of 320 megawatts (MW).

In a statement, ACEN said Barito Wind will hold a 51% stake in the three development assets, whilst ACEN HK will own the remaining 49%.

ALSO READ: ACEN secures $197.6m sustainability-linked loan facility

The wind projects are located in South Sulawesi (Sidrap 2), Sukabumi, and Lombok provinces.

“As a leading player in the renewable energy sector, this significant agreement with Barito Renewables and UPC Renewables marks another milestone in our journey. The potential acquisition aligns perfectly with our growth strategy, particularly in expanding our wind energy footprint in the Asia Pacific region,” said ACEN International CEO Patrice Clausse.

Barito and ACEN are also exploring a potential long-term partnership for additional wind energy projects in Indonesia. Bariot, through its subsidiary Star Energy, has also partnered previously with ACEN for the 663 MW Salak and Darajat Geothermal plant in West Java.

Follow the link for more news on

ACEN

Also Read

REC transfers Rajasthan-IV H-1 transmission to Power Grid Corp

ARENA allocates $5.4m to electrify 500 NSW households

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit