In order to expand the renewable energy supply chain in the international market, on August 7, 2023, Suntech Power and Vena Energy, an Indonesian renewable energy company, formally signed a purchase agreement for photovoltaic modules with a total capacity of 2.5g W (hereinafter referred to as the "purchase agreement") in Jakarta, the capital. Mr. Rachmat Kaimuddin, Vice Minister of Maritime and Investment Coordination of Indonesia, Mr. Nitin Apte, CEO of Vena Energy, Mr. Li Binghui, Vice President of Regional Sales of Suntech Power and other relevant personnel attended the signing ceremony.
Vena Energy is a leading power plant developer in the Asia-Pacific region and an award-winning renewable energy developer in the Asia-Pacific region. The company is headquartered in Singapore and has branches in Australia, India, Indonesia, Japan, the Philippines, South Korea and other places.
Vena Energy's portfolio includes onshore wind and solar, offshore wind, stationary and mobile energy storage projects totaling 43 GW.
This time, the purchase agreement signed by Vena Energy and Suntech Power aims to explore opportunities to establish more local solar photovoltaic module production lines in Indonesia. In the future, these photovoltaic modules will be used to support the Riau Islands hybrid large-scale project being developed by Vena Energy. When completed, the project will have a 2.5g W photovoltaic power generation system, which is one of the most important renewable energy projects in Southeast Asia.
"Since 2015, Vena Energy has been deeply engaged in supporting Indonesia's green energy transformation, and has put a total of 114 MW of solar and onshore wind power projects into operation there.".
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