KUALA LUMPUR (Sept 19): Yinson Holdings Bhd has marked its foray into the Indonesian energy market after acquiring a majority stake in turnkey solar company PT Ineco Solar Solutions (Inecosolar). In a statement on Monday (Sept 19), Yinson said the stake was acquired via its renewables division Yinson Renewables (YR). The company said Inecosolar is a well-established solar system provider in Indonesia with a track record in delivering residential and commercial rooftop solar systems. Yinson said 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 (IPP) in Indonesia and beyond. “With a nascent renewable energy market, Indonesia is poised to be a major hub of the energy transition,” said Brunt.

Source: The Edge Markets September 20, 2022 00:34 UTC