India’s solar solution firm Fourth Partner Energy and Indonesia’s Indika Energy have tied up to provide solar, battery storage and EV solutions to the South East Asian nations. …
Indika Energy will hold 51 per cent and Fourth Partner Energy will hold 49 per cent stake in the joint-venture named Empat Mitra Indika Tenaga Surya (EMITS). EMITS is planning to increase revenues from the non-coal energy generation by 50 per cent by 2025. The Ministry of Energy and Mineral Resources (MEMR), Indonesia has projected a total investment of $ 36 billion, to achieve a 23 per cent renewable energy target by 2025.