Indonesia’s sovereign wealth fund Danantara has joined a US$10 billion sustainable energy project led by Saudi Arabia’s ACWA Power Co.
Rosan Roeslani, chief executive officer of Danantara, says the partnership with ACWA Power, the world’s largest desalination firm, will bring in both capital and expertise to accelerate high-impact projects in solar, hydrogen and integrated water-energy solutions.
“It reflects our broader commitment to foster credible, long-term partnerships that support national priorities while delivering commercial value,” he says in a statement on July 4.
Raad Al Saady, vice chairman and managing director of ACWA Power, says the partnership represents the company’s commitment to supporting Indonesia’s long-term energy and water security goals.
Danantara says the $10 billion partnership could help the country achieve 34% of renewables in its energy mix by 2034.
