--- title: "East Timor expects construction of first large solar plant to start next year" description: "East Timor plans to start construction of its first large solar power plant in 2026, developed by Japan's Itochu Corp and Electricite de France. The 72-MW solar plant and 36-MW battery storage will he" type: "news" locale: "en" url: "https://longbridge.com/en/news/261551485.md" published_at: "2025-10-17T05:03:48.000Z" --- # East Timor expects construction of first large solar plant to start next year > East Timor plans to start construction of its first large solar power plant in 2026, developed by Japan's Itochu Corp and Electricite de France. The 72-MW solar plant and 36-MW battery storage will help reduce reliance on costly diesel imports, which currently fuel the power grid. EDTL aims to lower energy costs and achieve net-zero emissions by 2050 through renewable investments. The country has electrified over 90% of households and is exploring natural gas options to further enhance its energy landscape. By Sudarshan Varadhan and Ashley Tang East Timor expects the construction of its first large solar power plant to begin in 2026 and become operational months later, the state utility's chair told Reuters, helping it slash expensive diesel imports. Japan's Itochu Corp and Electricite de France (EDF) will jointly develop a 72-megawatt solar power plant and a 36-MW battery energy storage system in Manatuto, and supply power to Electricidade de Timor-Leste (EDTL) under a 25-year agreement. EDTL Chairman Marito Ferreira said the solar plant will help Southeast Asia's poorest nation, also known as Timor-Leste, slash expensive imports of diesel, which almost entirely fuel its power grid currently, and reduce its fiscal burden. "If solar is introduced, we reduce the price of energy because we have an alternative," Ferreira told Reuters on the sidelines of the ASEAN energy ministers meeting in Kuala Lumpur, adding that solar power is much cheaper than diesel-fired output. The region's youngest country has electrified over 90% of its households and plans to complete the remainder next year. Current peak demand in the nation of 1.4 million is 100 MW, a third of its total installed capacity of 300 MW, Ferreira said. East Timor has also issued rights to mine gold to joint ventures between Timorese companies and Australian miners, and is exploring onshore natural gas in central and eastern Timor, which could further boost demand for power. East Timor plans to retire its diesel power plants in the "near-to-medium term," Ferreira said, adding that the country hopes to switch to natural gas-fired power plants and consider further renewable investments to further cut power costs. "Our target is to achieve net-zero emissions by 2050, so we are looking to transform our energy landscape through strategic renewable investments." ### Related Stocks - [ITOCY.US - Itochu Corporation](https://longbridge.com/en/quote/ITOCY.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 伊藤忠商事 (ADR) 預計將在週四公佈財報 | 伊藤忠商事 (ADR)(OTCMKTS:ITOCY)定於 2 月 19 日(星期四)公佈財報,預計每股收益為 0.1802 美元,收入為 287.276 億美元。該股票最近交易價格為 14.69 美元,市值為 1164.1 億美元,市盈率為 | [Link](https://longbridge.com/en/news/275928706.md) | | 伊藤忠商事將 Metsä Fibre 的少數股權出售給 Metsä集團 | 伊藤忠商事 (ADR) 已完成對 Metsä Fibre Oy 部分股份的出售,向 Metsä集團出售了 3,884 股,同時保留 19.9% 的股份。此次出售是由於紙漿市場面臨結構性挑戰和原材料成本上升。儘管如此,伊藤忠商事仍希望加強與 | [Link](https://longbridge.com/en/news/274921060.md) | | 為什麼 AST SpaceMobile 的股票本週下跌了將近 20% | AST SpaceMobile 的股票下週可能會出現 “顯著” 的波動 | [Link](https://longbridge.com/en/news/275985589.md) | | 據彭博新聞報道,隨着電動汽車虧損的增加,Stellantis 正在尋求退出與三星電子的電池合資企業 | 斯特蘭蒂斯尋求退出與三星的電池合資企業,因電動車損失加劇 - 彭博新聞 | [Link](https://longbridge.com/en/news/275502681.md) | | 瓊斯金融公司 LLLP 在 AST SpaceMobile, Inc. $ASTS 持有價值 155 萬美元的股票頭寸 | Jones Financial Companies Lllp 在第三季度將其在 AST SpaceMobile, Inc. 的持股增加了 28%,目前持有 31,580 股,價值 155 萬美元。其他對沖基金也增加了在 ASTS 的持倉,其 | [Link](https://longbridge.com/en/news/275468794.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.