Fourth Partner Energyand Indika Energy, Indonesia announce partnership

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.

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