Vena Energy is a leading power plant developer in Asia Pacific and an award-winning renewable energy developer in Asia Pacific. The company is headquartered in Singapore and has subsidiaries in Australia, India, Indonesia, Japan, Philippines, Korea and other places. Vena Energy’s portfolio includes onshore wind and solar, offshore wind, stationary and mobile energy storage projects totaling 43GW. The purchase agreement signed between Vena Energy and Suntech Power aims to explore opportunities to establish more local solar PV module production lines in Indonesia. In the future, these PV modules will be used to support a hybrid large-scale project in the Riau Islands being developed by Vena Energy. When completed, the project will have a 2.5GW photovoltaic power generation system and is one of the most important renewable energy projects in Southeast Asia.

Complementary advantages to explore the new development of renewable energy market

As the world’s leading manufacturer of high-performance photovoltaic products, Suntech Power has been committed to providing high-quality, reliable and cost-effective photovoltaic products for the past 22 years. This time, we will continue to support the development of the Indonesian market and wholeheartedly provide customers with high-performance products. As a benchmark enterprise in the photovoltaic industry, Suntech Power has become the representative of China’s photovoltaic to the world, and will continue to make steady progress in the field of new energy, achieve the business goal of sustainable development of enterprises, and contribute to the construction of global green and low-carbon ecosystem.

“Vena Energy has been supporting Indonesia’s green energy transition since 2015, with a total of 114MW of solar and onshore wind projects in operation. We are excited to join hands with Suntech to continue to contribute to the expansion of Indonesia’s renewable energy ecosystem.” Through Suntech’s years of innovative expertise and the development of local talent, I am confident that we can build a strong and reliable renewable energy supply chain in Indonesia.” Mr. Nitin Apte, CEO of Vena Energy, said: “We expect this partnership to support the government’s energy transition while bringing more jobs to the fast-growing renewable energy sector, expanding the scale of the industry and opening up export markets, thereby boosting the local economy.”

Green future Suntech Power continues overseas market chapter

In its 2021 report to the United Nations Framework Convention on Climate Change (UNFCCC) on the Long-Term Strategy for Low Carbon and Climate Resilience to 2050, the Indonesian government said it would achieve net zero emissions by 2060 or sooner. The purchase agreement between Suntech and Vena Energy fully supports the Indonesian government’s vision to align local climate goals with international goals, with an emphasis on developing local talent, improving environmental quality and promoting sustainable economic growth.

“Charging the planet for the future and making life better.” Suntech Power will continue to make efforts to shine the light of green energy in Asia and the global market!