DLA Piper advises Eletricidade de Timor-Leste on
DLA Piper advised Eletricidade de Timor-Leste on a PPA to develop Timor-Leste''s first solar PV power plant and battery energy
The Project involves the construction and 25-year operation of a new power plant in Manatuto, Timor-Leste, comprising a 72 MW solar power plant co-located with a 36 MW/36 MWh battery energy storage system. This will be the country's first full-scale renewable energy IPP project.
The cost of electricity in Timor-Leste for commercial and industrial consumers is high compared to ASEAN countries. For instance, in Indonesia industrial electricity tariffs are 0.11 USD/kWh, compared to 0.24 USD/kWh in Timor-Leste.
1 Energy security is “uninterrupted availability of energy sources at an affordable price”; International Energy Agency. The average payback period for a rooftop PV solar energy system in Timor-Leste is 2.5 years. This is much lower than the global average of 6 to 10 years, due to solar resource and electricity costs:
José added: “The investment in Timor-Leste's solar and storage infrastructure is transformative. It will help reduce dependence on fossil fuels while improving grid stability and energy access across the country”. José de Ponte was supported by special counsel Marnie Calli, senior associate Lisa Huynh and solicitor Jeraldine Mow.
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