Vena Energy has signed a framework agreement with Rept Battero to explore opportunities in establishing local production lines for energy storage components in Indonesia.
These components are also intended to support Vena Energy’s hybrid megaproject in the Riau Islands currently under development, which will feature a 8GWh large-scale energy storage project.
With the support from the leadership of the Indonesian government, the partnership aims to furnish Indonesia with sustainable, efficient, and stable clean energy supply, thereby making significant strides in reducing carbon emissions.
Nitin Apte, chief executive of Vena Energy, said: “Vena Energy has been supporting Indonesia in its green energy transformation journey since 2015, having commissioned five solar and onshore wind projects totaling 114MW.
“With this Framework Agreement, we aim to significantly contribute to the development of a productive domestic supply chain in the renewable energy sector, which will support Indonesia’s energy transition plan and enhance the local economy by creating jobs, fostering industrial expansion and opening export opportunities in this growing sector of the economy.
“We are grateful to the Indonesia Government for its continued support, and we look forward to accelerating its long-term goal of achieving low carbon and climate resilience.”