Mooreast will have exclusivity for 12 months to conduct feasibility studies, evaluate and propose commercial and financing models. Both parties will then enter into a formal Project Development Agreement (PDA), likely in the first half of 2026.
Mooreast Holdings will begin feasibility studies this month to develop large-scale renewable energy (RE) projects of up to 500 megawatts (MW) in Timor-Leste.
This comes after Mooreast entered into a letter of intent with the secretariat for Electricity, Water and Sanitation under Timor-Leste’s Ministry of Public Works, to develop between 300 and 500 MW of floating RE over a five- to 10-year period.
