Penryn-based tidal energy developer, HydroWing, has signed a Memorandum of Understanding (MoU) with state-owned company, Indonesia Power, to support and develop tidal energy projects in Indonesia.
The MoU between Indonesia Power (IP) and HydroWing will accelerate tidal energy development in Indonesia through site identification, resource assessment and front-end engineering.
With increasing cost of fossil fuels, energy transition from diesel generators and coal power plants to renewable energies are vital for remote islands in the eastern Indonesian archipelago.
Both teams will jointly study selected sites in the coming weeks to build a first of a kind business case and pilot project. Together with solar energy and battery storage, it is anticipated that tidal energy will provide the base load of a reliant and clean energy system.
Teams visited the first site late last month to prepare a resource assessment campaign to be organised before the end of the year. This deployment will be the first tidal energy power plant in Indonesia.
HydroWing MD, Richard Parkinson, said: “We view Indonesia as a prime market for our technology with an excellent resource and increasing demand for clean and reliable energy. This MoU with Indonesia Power, is pivotal for us and our local partners to move rapidly towards significant commercial scale projects in the archipelago.”