ACEN Partners with Barito on Wind Projects in Indonesia
ACEN Partners with Barito on Wind Projects in Indonesia
ACEN Partners with Barito on Wind Projects in Indonesia
News summary

Philippine renewable energy firm ACEN Corp. has partnered with Indonesia's PT Barito Renewables Energy to develop wind energy projects with a total capacity of 320 megawatts across Indonesia. This collaboration, executed through their respective subsidiaries, builds on the acquisition of three late-stage wind development assets located in South Sulawesi, Sukabumi, and Lombok, and includes battery energy storage to enhance grid stability. Both companies aim to support Indonesia's transition to a low-carbon economy and foster sustainable energy solutions in the region. ACEN plans to grow its renewable capacity to 20 gigawatts by 2030 and is committed to achieving net-zero emissions by 2050. This partnership marks a significant step in ACEN's growth strategy, aligning with its mission to contribute to Indonesia's clean energy goals. The collaboration was announced as shares of ACEN rose by nearly 5% in response to the news.

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