Singapore Exchange Catalist-listed Mooreast Holdings Ltd has announced that it will begin feasibility studies this month for large-scale renewable energy (RE) projects of up to 500 megawatts in Timor-Leste. The move follows a Letter of Intent (LOI) signed with Secretario de Estado de Electricidade Agua e Saneamento (SEEAS), the authority overseeing electricity, water and sanitation under the Ministry of Public Works. Under the LOI, Mooreast and the Timor-Leste government will explore the development of 300–500 MW of floating renewable energy over a five- to ten-year period. Mooreast will conduct extensive due diligence to identify offshore locations suitable for floating wind, solar, hydroelectric, tidal, current and wave energy projects. The LOI forms part of a wider two-phase RE Development Plan designed to unlock the country’s significant untapped renewable potential — including strong wind resources along both the north and south coasts. Timor-Leste, a nation of around 15,000 square kilometres bordering Indonesia and Australia, remains heavily reliant on diesel-fired power plants. It aims to achieve 100 per cent national electrification by 2030 by diversifying into renewable energy. The country gained full independence in 2002 and was formally admitted as ASEAN’s 11th member at last month’s 47th ASEAN Summit in Kuala Lumpur. As part of the RE Development Plan, Mooreast will also support upgrades to grid transmission and infrastructure for renewable integration, establish pilot microgrids for remote communities, explore power and hydrogen-fuel export opportunities, and introduce smart-grid technologies and storage systems. Mooreast has been granted 12 months of exclusivity to carry out feasibility studies and propose commercial and financing models. A formal Project Development Agreement (PDA) is expected in the first half of 2026. The PDA will likely cover joint ventures, green-finance structures, co-investment opportunities with sovereign funds, the role of state utility Electricidade de Timor-Leste (EDTL), Mooreast’s EPCI responsibilities and long-term power purchase agreements. A specialist in offshore mooring and rigging, and Asia’s only ultra-high-power anchor designer and manufacturer, Mooreast has been expanding its presence across Europe and Asia amid accelerating global adoption of floating wind technology. CEO Eirik Ellingsen said: “Timor-Leste has significant potential for floating renewable energy, which can be harnessed for economic growth and for achieving national goals of electrification and sustainability. We are excited by the opportunity to leverage our capabilities and networks to deliver a win-win outcome.”