Indonesia-based PT Calypte Sugi Power has partnered with Singapore-based Aslan Energy Capital as a development partner for a project to build a clean energy hub with a solar power production capacity of 2 GW in Indonesia. The two companies have signed a memorandum of understanding (MoU) to cooperate on the development of the Sugi Power Hub which is planned to be located on Sugi Island, in the Riau Islands Province.
By Q3 2026, the hub should achieve an initial solar capacity of 1 GW, with definitive plans to eventually double that to 2 GW by Q4 2027. Feasibility studies have already been completed and work on the proposed complex is underway. Detailed project engineering is set to start in 2024, while the final investment decision (FID) is targeted during Q2 2025.