Malaysia’s reNIKOLA Holdings has announced plans to invest more than $240 million to develop 40 compressed biomethane gas projects across Indonesia, the renewable energy company revealed on August 19.
The projects will be developed through reNIKOLA’s subsidiary, reNIKOLA Primer Energi, in collaboration with Perkebunan Nusantara IV, a division of Indonesia’s state-owned Perkebunan Nusantara.
As part of this initiative, reNIKOLA has signed an agreement with Perkebunan Nusantara IV to build, own, operate, and eventually transfer a compressed biomethane gas project in North Sumatra.
The company also plans to collaborate further with other Indonesian state-owned entities, including Perusahaan Gas Negara and Perusahaan Listrik Negara, to support Indonesia’s ambitious goal of achieving a 26% renewable energy mix by 2030.
Additionally, reNIKOLA is exploring alternative energy options such as large-scale solar and hydro projects, with a particular focus on the bioenergy sector, as part of its broader strategy to transition away from conventional fossil fuels.
