ACEN’s roadmap to 20 GW: Ayalas expand renewable energy reach with Indonesian joint venture

A subsidiary of Ayala-led ACEN has entered into a strategic partnership with PT Dewata Megaenergi to advance renewable energy initiatives in Indonesia.

In a regulatory filing, ACEN said its subsidiary, ACEN Indonesia Investment Holdings Pte Ltd, and PT Dewata Megaenergi have established a joint venture company, PT Dewata ACEN Renewables Indonesia.

This move follows ACEN Indonesia Investment’s prior collaboration with Puri Usaha Group for the development of renewable energy projects in Indonesia.

ACEN remains steadfast in its pursuit of hitting 20 gigawatts (GW) in attributable renewable energy capacity by 2030. Presently, the company boasts a diversified portfolio comprising 4.3 GW of renewable energy assets, encompassing both operational and under-construction projects.

These assets are distributed across various geographical locations, including 1.6 GW in the Philippines, 1.0 GW in Australia, 0.9 GW in Vietnam and the Lao People’s Democratic Republic, 0.5 GW in India, and 0.3 GW spread across Indonesia and other markets.