Akuo Energy signs MOU for development of 100 MW of PV projects in Bali

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Akuo Energy signs MOU for development of 100 MW of PV projects in Bali

Akuo Energy, has signed a memorandum of understanding (MoU) with the Bali Government-owned company PERUSDA Bali for the development of 100 MW of solar projects in Bali, Indonesia.

The projects, in line with the vision of Bali to be Green and Clean Island, will be implemented using an Agrinergie solution; a production of clean electricity and organic farming on the shared-land.

This agreement foresees the carrying out feasibility studies and project development works by Akuo Energy under a full support from the Government of Bali.

Upon the successful of the project development phase, the cooperation will further be continued to the construction phase of this solar PV project.

In terms of schedule, the feasibility studies should be completed by beginning of Q4 this year and the subsequent development phase should last around 6 months. The projects’ construction could thus be launched from early of Q2 2017.

Eric Scotto, Chairman and co-founder of Akuo Energy, commented:

“we are very proud of the signing of this major new agreement in Indonesia, which is in line with the extensive ambitions openly displayed by this country with regard to the development of renewable energy.”

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