On August 7, 2023, REPT BATTERO and renewable energy company VENA ENERGY officially reached an exclusive supply agreement for an 8GWh large-scale energy storage project in Jakarta, the capital of Indonesia, aiming to provide clean energy reserves for Indonesia. This major cooperation marks the formal strategic partnership between the two parties, which will help transform Indonesia's local power structure and at the same time bring impetus to the promotion and popularization of renewable energy around the world.

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Under the leadership of the Indonesian government, the cooperation between Ripulanjun and VENA ENERGY aims to provide Indonesia with a sustainable, efficient and stable supply of clean energy, thereby making significant progress in reducing carbon emissions. With its advanced technology and innovative solutions, Ripulanjun plays a key role in injecting strong impetus into the global green energy revolution, driving many countries towards environmentally friendly and sustainable energy systems.

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“We are honored to witness the signing of this framework agreement with Mr. Rachmat Kaimuddin, Deputy Minister of Maritime Affairs and Investment Coordination of Indonesia. Since 2015, VENA ENERGY has been supporting Indonesia’s green energy transformation journey and has put into operation five solar and Onshore wind power projects with a total installed capacity of 114 MW Through this framework agreement, we aim to make a significant contribution to the development of the supply chain in the renewable energy sector, supporting Indonesia’s energy transition plan and by creating jobs and promoting industry. expansion and opening up export opportunities to strengthen the local economy," said Mr. Nitin Apte, CEO of VENA ENERGY. “We are grateful to the Indonesian government for its continued support, and we hope to accelerate our long-term goals of green, low-carbon and enhanced climate resilience.”

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“Most countries, including Indonesia, aim to complete the clean energy transition and achieve carbon neutrality by 2060. Recently, we showed the world the high-quality battery products and solutions of REPT BATTERO and shared our experience in achieving carbon neutrality. Successful cases and global strategies of peace and sustainable development. This year marks the 10th anniversary of the “One Belt, One Road” initiative. The Chinese government and enterprises have always achieved win-win cooperation and friendly relations with neighboring countries. REPT BATTERO will continue to actively assume social responsibilities. ” Dr. Cao Hui, Chairman of REPT BATTERO, said: “Our commitment to Indonesia’s economic growth and the global energy pattern is unwavering. Let us seize opportunities and overcome difficulties together. Challenge, create a green and low-carbon global environment, and rely on clean energy to promote sustainable development of the world.”

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About VENA ENERGY:

VENA ENERGY's mission is to accelerate the energy transition across Asia Pacific by developing sustainable and affordable renewable energy solutions that deliver lasting economic, social and environmental benefits to our communities and stakeholders. VENA ENERGY owns, develops, constructs, operates, manages and commercializes a renewable energy portfolio including onshore wind and solar, offshore wind and fixed and mobile energy storage projects with a total project capacity of 43GW as of December 2022.

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