- Vena Energy, Suntech, Powin and REPT Battero to explore solar PV and storage manufacturing in Indonesia
- Components manufactured locally will support Vena Energy’s 2 GW solar and storage power plant in Riau Islands
- Vena Energy has also signed a cross-border power supply agreement for the Riau project with Shell Eastern Trading, to deliver the same to Singapore
Under a framework agreement signed, renewable energy company Vena Energy says it will explore local production lines for solar PV panels and energy storage systems in Indonesia, under partnership with Chinese solar manufacturer Suntech, US based energy storage firm Powin and Chinese battery cell producer REPT Battero.
Indonesia isn’t new for Suntech as it already operates a 500 MW high-efficiency integrated solar PV cell and module manufacturing fab in the country since 2020.
While Vena Energy did not disclose exact target manufacturing capacity envisaged, it said these locally produced components will support the company’s 2 GW solar and battery energy storage system (BESS) hybrid megaproject in the Riau Islands.
The 2 GW project is expected to generate more than 8 GWh of clean energy on completion. Vena has also signed a cross-border power supply agreement for the same project to Singapore, with Shell Eastern Trading (Pte) Ltd.
“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,” said CEO of Vena Energy, Nitin Apte.
Recently, SEG Solar signed an agreement with Indonesia based PT Kawasan Industri Terpadu Batang (KITB) to build 5 GW cell and 3 GW module facilities in the country (see Module Manufacturing For Indonesia).