Abu Dhabi-based renewable energy group Masdar is sailing into the Southeast Asian solar market with Indonesia’s first floating solar project. The petro-state owned developer says the facility will be the largest in the region.
State-owned Masdar Clean Energy is in talks to acquire a 30-35% stake in Hero Future Energies. With the stake sale, the renewable energy arm of Hero Group expects to raise $300-350 million for its expansion into global markets, according to reports.
The CEO of Masdar has reportedly told Reuters of his company’s ambition and said it would partly be achieved by developing projects in new territories.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.