Leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide ACWA Power has signed a Memorandum of Understanding with Indonesia’s state-owned electricity provider Perusahaan Listrik Negara. The agreement involves the development of battery storage for renewable energy facilities, and green hydrogen development in Indonesia.According to the terms of the MoU, ACWA Power and PLN will jointly investigate several avenues of partnership which include: a project study for pump storage for a 600-800MW hydroelectricity facility; investigating the possibility of a 4GW battery energy storage system and the development of a green hydrogen/ammonia facility that is powered by hydroelectricity. The agreement lays out a clear pipeline of renewable energy and technological development for ACWA Power within the country and involves a clear capacity building mandate for PLN’s employees.Indonesia’s National General Energy Plan states that 23% of the country’s power should be generated via renewable energy sources by 2025. PLN is the Republic’s sole buyer of electricity produced by independent power projects, including power produced from renewable energy projects. As of last year, the enterprise owns or operates nearly two-thirds of Indonesia’s power generation industry, which is approximately 65.5GW of electricity.ACWA Power entered Indonesia this year, as PLN awarded the company two contracts to develop floating solar photovoltaic plants in October 2022.