Yinson Renewables, the renewables division of Yinson Holdings Berhad, has acquired a majority stake in Indonesia-incorporated turnkey solar company PT Ineco Solar Solutions (Inecosolar), marking the group’s entry into the Indonesian renewable energy space.
The acquisition aims to enable Inecosolar to provide all-in-one zero-capital solutions, expand its project portfolio and establish itself as an independent power producer in Indonesia and beyond. A zero-capital arrangement allows businesses to install rooftop PV systems with no upfront cost and benefit from reduced electricity tariffs over a 15 to 20-year tenure. Inecosolar aims to pioneer the rooftop solar market in Indonesia with innovative and competitive solutions. Inecosolar is a solar system provider in Indonesia with a track record delivering residential and commercial rooftop solar systems. Inecosolar has delivered numerous projects across Bali, Gili, East Java and West Nusa Tenggara.