Singapore-based Vena Energy has signed a framework agreement with China-based Suntech Power Holdings Company Limited (Suntech), Rept Battero Energy Company Limited (REPT) and United States-based Powin Energy for a clean energy hybrid megaproject in Indonesia. The project, located in the Riau Islands province, will combine up to 2 GW of solar PV generation capacity with a battery storage of 8 GWh.
The partners will also explore opportunities to create local production lines for solar PV modules and BESS components.
Additionally, Vena Energy has also signed an agreement with Shell Eastern Trading, a subsidiary of Shell, for the cross-border supply of energy generated to Singapore.