Alliance to boost Indonesia’s renewable energy supply chain

Vena Energy, a front runner in the Asia-Pacific renewable energy sector, unveiled a pivotal framework agreement with Suntech, Powin, and REPT Battero. This strategic alliance is set to amplify Indonesia’s renewable energy supply chain, underscoring the nation’s commitment to sustainable energy solutions.

The agreement paves the way for the establishment of local production lines for solar photovoltaic panels and energy storage systems components. These components will bolster Vena Energy’s hybrid megaproject in the Riau Islands, which is currently in the pipeline. This ambitious initiative is poised to encompass up to 2 gigawatts (GW) of solar power capacity, coupled with a battery energy storage system capable of conserving more than 8 GWh of clean energy. Such a venture positions it among the most impactful renewable energy projects in Southeast Asia.

The signing of the agreement, held in Jakarta, was witnessed by His Excellency, Rachmat Kaimuddin, Indonesia’s Deputy for Infrastructure and Transportation Coordination in the Coordinating Ministry for Maritime and Investment Affairs. This event also marked the inception of a collaboration between Vena Energy and Shell Eastern Trading (Pte.) Ltd, focusing on the cross-border renewable power supply from Vena Energy’s proposed hybrid project to Singapore.

Nitin Apte, CEO of Vena Energy, expressed gratitude to the Indonesian Government for its unwavering support. “Our alliance aims to foster a robust domestic supply chain in the renewable energy domain, catalyzing Indonesia’s energy transition and bolstering the local economy,” Apte said.

Eric Li, vice sales president, Southeast Asia of Suntech Power, emphasised Suntech’s commitment to delivering top-tier photovoltaic products. Dr. Cao Hui, chairman and CEO of REPT Battero, highlighted their plans to establish a battery manufacturing hub in Indonesia, aligning with the nation’s vision for carbon neutrality by 2060.

Anthony Carroll, president at Powin, lauded the partnership with Vena Energy, emphasising their shared dedication to sustainability. “Together, we’re charting a course towards a greener, more resilient future,” Carroll said.

Zee Loh, general manager for Shell Energy Singapore, echoed the sentiment, expressing excitement about the collaboration and the potential to reduce carbon emissions.