Jakarta-headquartered Danantara Indonesia, formally known as Daya Anagata Nusantara has signed an MoU with ACWA Power to explore energy investments. The partnership covers renewable energy, gas turbines, green hydrogen, and water desalination projects. ACWA Power has also signed a separate agreement with Indonesia’s PT Pertamina. This focuses on the joint development of 500 MW of clean energy and gas-to-power projects. It also includes green hydrogen and O&M business lines. The projects may receive up to $10 billion in investment. These deals will support Indonesia in using more renewable energy. The country aims to increase 34% of its energy from renewables by 2034. By 2060, it aims to reach 87%.Prior to this, ACWA Power teamed up with Masdar to secure nearly 2 GW of solar agreements in Iraq, reflecting its broader clean energy push across emerging markets.