Ayala’s ACEN And Barito Renewables To Jointly Develop Wind Energy Across Indonesia

ACEN, the energy platform of the Ayala Group, and PT Barito Renewables Energy Tbk have forged a groundbreaking partnership to accelerate the development of wind energy projects throughout Indonesia.

ACEN and Barito Renewables envision this partnership as leading the way in Indonesia’s decarbonization journey. I Photo: ACEN

This exclusive collaboration, effective immediately, unites two industry leaders committed to advancing the nation's transition to sustainable energy, according to ACEN's disclosure to the Philippine Stock Exchange (PSE).

Patrice Clausse, Group Chief Investment Officer of ACEN, emphasized the importance of the partnership, stating, “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.”

The strategic partnership will be executed through ACEN's subsidiary, ACEN Indonesia Investment Holdings Pte. Ltd., and Barito Renewables' subsidiary, PT Barito Wind Energy.

This collaboration builds on the pivotal 2024 acquisition of three strategically located, late-stage wind development assets in South Sulawesi, Sukabumi, and Lombok, which collectively have the potential to generate 320 MW of wind energy.

The projects will be supplemented by battery energy storage solutions, aimed at enhancing grid stability and efficiency across the region.

Hendra Tan, CEO of Barito Renewables, expressed his enthusiasm for the collaboration, stating, “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.”

Both companies highlighted that this partnership reflects a strong commitment to exploring and developing innovative wind energy projects that will be essential in Indonesia’s transition to a low-carbon economy.

ACEN and Barito Renewables envision this partnership as leading the way in Indonesia’s decarbonization journey, ensuring the delivery of clean, reliable, and sustainable energy to meet the nation’s growing demands.