Jakarta, 27 August 2024 – ACEN, the listed energy platform of the Ayala group, and PT Barito Renewables Energy Tbk ("Barito Renewables") are proud to announce a transformative partnership designed to accelerate the development of wind renewable energy projects across Indonesia. This exclusive collaboration, effective immediately, brings together two industry leaders, united in their vision to drive the nation’s shift towards a sustainable energy future.

This strategic partnership will be executed through ACEN's subsidiary, ACEN Indonesia Investment Holdings Pte. Ltd., and Barito Renewables' subsidiary, PT Barito Wind Energy. It builds on the pivotal 2024 acquisition of three strategically located late-stage wind development assets in South Sulawesi, Sukabumi, and Lombok. These assets collectively offer an impressive potential capacity of 320 MW of wind energy, supplemented by cutting-edge battery energy storage solutions, poised to enhance grid stability and efficiency across the region.

A Bold Step Towards Sustainable Energy Leadership

Patrice Clausse, Group Chief Investment Officer of ACEN, highlighted the significance of this partnership:
"This exclusive partnership with Barito Renewables represents a bold step forward in our commitment to advancing Indonesia’s renewable energy sector. It not only aligns with ACEN’s growth strategy in the region but also exemplifies our dedication to fostering innovative and sustainable energy solutions. Together with Barito Renewables, we are prepared to set new benchmarks in the industry and contribute meaningfully to Indonesia’s clean energy goals."

Hendra Tan, Chief Executive Officer of Barito Renewables, shared his excitement about the collaboration:

“Our exclusive partnership with ACEN represents a significant step toward realizing our mission of driving sustainable energy growth in Indonesia. This strategic move underscores our commitment to pioneering renewable energy solutions and contributing to a greener future.”

Catalyzing Indonesia’s Renewable Energy Transformation

The partnership signals a robust commitment to exploring and developing innovative wind energy projects that will play a vital role in Indonesia’s transition to a low-carbon economy. By harnessing the strengths of both ACEN and Barito Renewables, the partnership aims to lead the charge in Indonesia’s journey toward decarbonization, ensuring the delivery of clean, reliable, and sustainable energy to meet the growing demands of the nation.