Masdar and PLN Nusantara Power have entered into a partnership to triple the capacity of Southeast Asia’s largest floating photovoltaic solar plant.
Masdar is Abu Dhabi’s clean energy company while PLN is Indonesia’s state-owned company.
As per the press statement, the new agreement will launch Phase II of the Cirata photovoltaic solar plant for a total of 500 megawatts. It will be located in the Indonesian province of West Java.
UAE Minister of Energy and Infrastructure Suhail Al Mazrouei and Indonesian Minister of Defense Prabowo Subianto and Coordinating Minister of Maritime and Investment Affairs Luhut Binsar Pandjaitan witnessed the signing ceremony.
The initial 145 MW phase of the photovoltaic solar plant is expected to come online this year, a report mentioned.
Masdar had first agreed to finance the project in 2021. After two years, the company
entered the geothermal energy sector through a strategic investment in Pertamina Geothermal Energy.
UAE Minister of Energy was quoted, “Such partnerships feed into our priorities for COP28, where the energy transition will be front and center with a concerted push to triple renewable energy capacity by 2030.”
The project comes at a time when Indonesia has set the target of a 29% reduction in greenhouse gas emissions by 2030 and has pledged to reach net-zero emissions by 2060.
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