Aslan, Calypte Sugi Power to partner on 2-GW solar hub in Indonesia

Indonesia’s PT Calypte Sugi Power has attracted Singapore’s Aslan Energy Capital as a development partner for a project to build a clean energy hub at home with a solar power production capacity of 2 GW.

The two companies have signed a memorandum of understanding (MoU) to cooperate on the development of the Sugi Power Hub which is planned to be located on Sugi Island, in the Riau Islands Province.

By the third quarter of 2026, the hub should achieve an initial solar capacity of 1 GW, with definitive plans to eventually double that to 2 GW by the final quarter of 2027, a press statement said today.

Work on the proposed complex is already underway, with the feasibility studies already completed. Detailed project engineering is set to start in the coming months, while the final investment decision (FID) is targeted during the second quarter of 2025.

PT Calypte Sugi Power is a subsidiary of energy and industrial development group Calypte Holding. The entity is focused on the development of the Sugi Power Hub.

Aslan is a project development, operations and new energy assets platform active in Asia and the Americas.

Choose your newsletter by Renewables Now. Join for free!