DCNS Energies and PT AIR have signed a Letter of Intent (LoI) designed to deliver a roadmap for the engineering, industrial development and commercial ramp-up of a tidal energy industry in Indonesia.
As part of the framework of this agreement, DCNS Energies and PT AIR will combine their complementary skills and capabilities to analyze and assess the commercial and economic conditions required to build a tidal energy industry.
DCNS Energies will bring its expertise in the development of marine renewable energy projects along with the experience of its subsidiary OpenHydro, the tidal technology company, in designing,
manufacturing and installing tidal turbines in various maritime environments.
PT AIR will bring its knowledge of the Indonesian tidal environment and of local development process and stakeholders.
Hervé Guillou, CEO of DCNS group, said: “Over the last two years, we have been working closely with PT AIR to assess the most suitable sites for the development of tidal energy projects in Indonesia.
“Today’s signing of the Letter of Intent, is a further step in our cooperation that will allow us to structure our organizations and industrial plans for the creation of a tidal industry in the country, with a high level of local manufacturing content.”
Panji Adhikumuro Soeharto, President Director at PT AIR, said: “Our ambition is to build a local tidal industry with economic and social benefits for Indonesia. In that purpose, our cooperation with DCNS Energies will be a serious asset to convince Indonesian authorities that thanks to its regularity and predictability, tidal energy is an investment that will contribute to fulfill Indonesia’s renewable energy targets as a maritime country.”