Indonesia Energy Corporation, a US-based oil and gas exploration and production company, has signed a memorandum of understanding with Aquila Energia e Participações, an affiliate of Brazilian firm Aguila Capital, during the state visit of Brazilian President Luiz Inácio Lula da Silva to Indonesia. The agreement, signed in the presence of both heads of state, aims to establish cooperation on the development of hybrid projects combining solar energy and natural gas in northeastern Brazil.
Initial capacity of 10 MW per site
The memorandum outlines plans for two pilot autonomous energy infrastructure projects to power digital data centres. Each facility could reach an initial generation capacity of 10 megawatts, with prospects for expansion up to 400 megawatts. Aquila Energia’s underutilised natural gas resources have been identified as the base for developing these hybrid systems.
This new agreement follows an earlier memorandum signed between the two entities in August, which focused on exploring acquisition or participation opportunities in energy-related assets located in Brazil. The partnership leverages Indonesia Energy’s expertise in oil, gas and capital markets, alongside Aquila Energia’s capacity to manage local projects, regulatory processes and asset development.
State-backed funding under consideration
Both companies confirmed that the non-binding cooperation framework will allow mobilisation of state and other sources of capital to support project implementation. These energy solutions are aimed at meeting the increasing demand from high-density digital infrastructure in Brazil, particularly data processing centres for artificial intelligence.
Frank Ingriselli, President of Indonesia Energy Corporation, stated that the bilateral presidential summit enabled political support for these joint energy initiatives. He also noted that the cooperation could accelerate the development of the multi-billion USD Citarum gas asset on the island of Java.
