Through its subsidiary Indo Wind Power Holdings, it is negotiating power purchase agreements for the initial 62.5MW Jeneponto 1 and 75MW Jeneponto 2 wind farms on Sulawesi island in the centre of the archipelago.
West Timor 1 and 2 will be developed in two or three years' time, and are likely to be financed through a feed-in tariff (FIT) mechanism, which the government is expected to introduce later this year.
Indonesia has FITs for other types of renewables, including biomass and, more recently, solar.
However, a combination of more efficient wind turbines for lower wind speeds and grid investment in recent years has made Indonesia an interesting prospect for developing the country's wind resources, according to Edgare Kerkwijk, Asia Green Capital's managing director.
Indo Wind Power bought the development rights for Jeneponto 1 from GE Energy. As part of the deal GE's 2.5-120 turbines are likely to be used.
Asia Green Capital is also developing 150MW of wind capacity in Thailand and Vietnam.