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ReNu Power Restricted and its wholly owned subsidiary, Countrywide Hydrogen Pty Ltd, are happy to announce the signing of a Memorandum of Understanding (MoU) with Anantara Power Holdings Pte Ltd (Anantara) for the event of a manufacturing facility for the provision of inexperienced hydrogen to Indonesia and, as soon as native demand is met, to export to different nations within the Asia area and probably Europe.
Beneath the phrases of the MoU Anantara and Countrywide will collectively research the event of a inexperienced hydrogen manufacturing facility using photo voltaic PV renewable energy within the Karimun Particular Financial Zone (SEZ) within the Riau Archipelago.
Anantara is a three way partnership between ib vogt Singapore Pte Ltd, a subsidiary of German photo voltaic power firm ib vogt GmbH, and Quantum Energy Asia Pte Ltd (Quantum). Anantara is creating a 3.5 GW photo voltaic PV mega undertaking within the Riau Archipelago in Indonesia, situated within the Indonesia-Malaysia-Singapore development triangle.
The MoU outlines:
• Countrywide and Anatara’s intention to collectively conduct and fund an idea research and, topic to the outcomes of the idea research, a feasibility research to ascertain a inexperienced hydrogen manufacturing facility within the Karimun SEZ.
• The deliberate idea and feasibility research will cowl an preliminary 10MW electrolyzer producing roughly 1,650 tonnes of hydrogen per yr.
• If supported by the feasibility research, Anantara will develop, fund, and function a minimum of 100 MWp of photo voltaic PV which can present clear power to the ability
• The ability is meant to produce inexperienced hydrogen to off-takers in Indonesia, in addition to for export to abroad markets.
• Topic to a optimistic end result of the research, it’s anticipated that the monetary shut for a inexperienced hydrogen manufacturing facility can happen in 2024 with inexperienced hydrogen manufacturing starting in 2025.
Simon Bell, Director of Anantara Power Holdings stated, “We’ve agreed to collaborate with Countrywide Hydrogen to collectively conduct and fund an idea research and an in depth techno-commercial feasibility research for the setup of a inexperienced hydrogen manufacturing facility, and the viability of investing within the improvement of economic preparations for clear hydrogen in Indonesia.”
Countrywide Managing Director and ReNu Power Government Director Geoffrey Drucker stated, “Inexperienced hydrogen will play a significant function in a future net-zero economic system for Indonesia and Asia extra broadly, creating emission-free energy technology, transportation for mining, and industrial processes. We plan to fulfill the wants of a aggressive market, and this manufacturing facility will repeatedly develop to achieve a broader ASEAN market by an agreed power export scheme. We couldn’t be extra excited to be working with Anantara to start the event of inexperienced hydrogen into the area, and assist Indonesia try in the direction of future net-zero emissions.”
ReNu Power Chairman Boyd White, who was representing ReNu Power in Bali on the signing of the MoU stated, “Since buying Countrywide final February, the corporate has made important progress advancing its portfolio of fresh and renewable power initiatives. This MoU for potential inexperienced hydrogen provide in Southeast Asia, along with our announcement final week of the time period sheet with HESTA for the
funding of as much as $100 million in our inexperienced hydrogen initiatives, is a implausible endorsement of Countrywide’s inexperienced hydrogen capabilities, and aligns with ReNu Power’s goal of contributing to a low carbon future.”
The MoU was signed at present in Bali, Indonesia, with representatives from all events in attendance. The executed MOU is a non-binding strategic framework that’s meant to be transformed into definitive preparations because the undertaking progresses.
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