Mooreast has started feasibility studies to develop up to 500 MW of renewable energy projects in Timor-Leste. The initiative follows a Letter of Intent signed with the Secretary of State for Electricity, Water and Sanitation (SEEAS) under the Ministry of Public Works. The studies will explore opportunities to deploy between 300 and 500 MW of floating renewable capacity over the next five to ten years.
Mooreast will assess potential offshore locations for projects harnessing energy from floating wind, solar, hydroelectric, tidal, current, and wave sources. The company will also examine options for grid upgrades, microgrids for remote communities, renewable power exports, hydrogen production, and smart-grid technologies.
Timor-Leste, which currently relies heavily on diesel-fired generation, aims to achieve full national electrification by 2030 through large-scale renewable diversification. Mooreast will have 12 months of exclusivity to conduct technical and financial assessments before the parties move towards a formal Project Development Agreement, expected in the first half of 2026.
The agreement will outline joint-venture structures, financing models including green finance, roles of state-owned utility Electricidade de Timor-Leste, and terms for long-term power purchase agreements.
