January 2020
LUMERGO’s CEO Arno Hendriks is proud to confirm that the Joint Venture between Windlife Green Asia B.V. (“WGA”) and the Danish wind turbine manufactured, Vestas, has been established. The objective of the Joint Venture is to co-develop >500MW of wind turbine projects in Indonesia. WGA will provide local expertise and origination of projects via its Indonesian service company PT WINDLIFE GREEN INDONESIA SERVICES (WGIS).
LUMERGO has signed an advisory contract with WGIS and Mr. Hendriks has been appointed as director in Windlife’s Green Indonesia Service company and Director in the Joint Venture company between Vestas and WGA.
According to Mr Hendriks; “Cleaner energy and modern infrastructure will provide fundamental growth opportunities in the long term. Wind power in Indonesia will become part of Indonesian generation capacity at a competitive price and supporting Indonesian target for implementing renewable energy. LUMERGO’s in-depth Indonesia knowledge of the energy infrastructure market will benefit the newly established Joint Venture. Vestas will benefit from WGIS local expertise and WGA will benefit from Vestas technical expertise. A win-win-win for all parties “
LUMERGO provides a wide array of advisory services that address the strategic, financial, and technical needs of various stakeholders involved in the production and distribution of electric power, emerging technologies and renewable energy in various emerging markets.
For more information please contact LUMERGO : info@lumergo.com
www.lumergo.com
