Pertamina Signs JV Deal With Akuo to Develop Indonesian Renewables Projects

Indonesian energy company PT Pertamina has signed an agreement with France’s Akuo Energy to jointly develop clean energy project in the southeast Asian country.

The two companies aim to develop wind, solar and marine energy projects. Initially, they plan to develop a 5-megawatt solar photovoltaic project and a 60-MW wind plant in 2016. In 2018, they plan to develop 560MW of capacity, including that from marine energy. The work this year will focus on implementing the joint venture and identifying locations for the projects.

The target locations will be remote islands that are heavily reliant on diesel as a source of energy production. Indonesia is targeting that by 2025, renewable energy will account for 23% of its energy mix.

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