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FAQ: Mooreast's Renewable Energy Development Plan in Timor-Leste
TL;DR
Mooreast gains exclusive 12-month development rights for up to 500MW renewable energy projects in Timor-Leste, positioning them as Asia's leading floating energy specialist.
Mooreast will conduct feasibility studies assessing floating wind, solar, hydroelectric, tidal, current and wave energy potential off Timor-Leste's coastline over a five- to ten-year period.
This renewable energy development will help Timor-Leste achieve 100% national electrification by 2030 while transitioning from diesel power to sustainable energy sources.
Timor-Leste, the newest ASEAN member, possesses excellent untapped wind potential along its coastlines that Mooreast will harness through innovative floating renewable energy technology.
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Mooreast will conduct feasibility studies to develop large-scale floating renewable energy projects of up to 500 MW, supporting Timor-Leste's transition from diesel-fired power to renewable energy sources and helping achieve 100% national electrification by 2030.
The feasibility studies will assess locations suitable for generating energy from floating wind, solar, hydroelectric, tidal, current, and wave power sources.
Mooreast Holdings Ltd. is partnering with Secretario de Estado de Electricidade Agua e Saneamento (SEEAS), the secretariat for Electricity, Water and Sanitation under Timor-Leste's Ministry of Public Works, with involvement expected from the state-owned electricity company Electricidade de Timor-Leste (EDTL).
Feasibility studies commence this month (November 2025), with a 12-month exclusivity period for evaluation, leading to a formal Project Development Agreement likely in the first half of 2026, and project development spanning 5 to 10 years.
Beyond energy generation, the plan includes upgrading grid transmission infrastructure, setting up pilot microgrids for remote communities, exploring power and hydrogen fuel export potential, and introducing smart-grid technologies with energy storage systems.
Timor-Leste currently relies mostly on diesel-fired power plants and aims for 100% national electrification by 2030, making this renewable energy development crucial for energy diversification and sustainable economic growth.
Mooreast is a specialist in offshore and marine sectors providing mooring and rigging solutions, and is Asia's only ultra-high power anchor designer and manufacturer with expanding presence in floating wind energy projects worldwide.
The PDA will cover joint-ventures for project development, investment and financing models including green finance, responsibilities of EDTL for rights and permits, Mooreast's role in EPCI and floating RE, and terms of long-term Power Purchase Agreements.
The feasibility studies will assess locations off Timor-Leste's coastline, with particular focus on areas with excellent wind potential along the north and south coasts.
Curated from NewMediaWire
