ACWA Power, a leading Saudi developer, investor, and operator of power generation, water deamination, and green hydrogen plants worldwide, signed a memorandum of understanding with PT Perusahaan Listrik Negara (PLN), Indonesia’s state-owned electricity provider. The agreement looks to develop battery storage from renewable energy facilities and green hydrogen development in the country.
The agreement was signed at the B20/G20 summit in Bali and coincided with the state visit of Mohammad bin Salman al Saud, the Prime Minister of Saudi Arabia, to Indonesia.
ACWA Power and PLN will jointly investigate several avenues of partnership which include: a project study for pump storage for a 600 to 800 MW hydroelectricity facility, investigating the possibility of a four GW battery energy storage system and the development of a green hydrogen or ammonia facility that is powered by hydroelectricity.
The agreement lays out a clear pipeline of renewable energy and technological development for ACWA Power in the country.
ACWA Power entered Indonesia this year, as PLN awarded the company two contracts to develop floating solar photovoltaic plants in October of 2022.
