Renewable energy developer Vena Energy has entered into a framework agreement with technology suppliers for a cross-border clean energy ‘hybrid megaproject’ located in Indonesia’s Riau Islands province. The firm has revealed that it will explore opportunities to manufacture solar panel components as well as battery energy storage systems in the southeastern country, which will pave the way for the set up of a hybrid megaproject with up to 2 GW of solar and over 8 GWh of energy storage.
The other firms that are part of the agreement include Chinese solar technology firm Suntech, US-based battery energy storage system (BESS) system integrator and manufacturer Powin Energy and China’s battery cell manufacturer Rept Battero. In addition to agreements with the said firms, Vena Energy also entered into a partnership with Shell Eastern Trading (a subsidiary of Singapore’s Shell) for power from the Riau Islands facility to be supplied cross-border to Singapore.
Singapore-based Vena Energy has established a notable presence in Indonesia since 2015. The firm is setting up five onshore wind and solar PV plants in the country. These boast a combined capacity of 114 MW since.