Masdar announced that it had signed a power purchase agreement (PPA) with Perusahaan Listrik Negara (PLN), Indonesia’s state electricity company, for a 145 MW floating solar project, the first of its kind in the country.
The project, which would also be the UAE-based company’s first floating solar project, will be constructed on a 225-hectare plot of the 6,200-hectare Cirata Reservoir in the West Java Region of Indonesia, according to Masdar’s statement.
Masdar, the renewable energy arm of Mubadala, noted that it would develop the project with PT Pembangkitan Jawa-Bali (PT PJB), a subsidiary of PLN.
This floating solar project would be Masdar’s first venture into the Southeast Asian market.
“Leveraging innovative solutions such as this floating solar PV project will be critical to the nation achieving its renewable targets and to supporting its sustainable growth,” said Sultan bin Ahmad Al Jaber, UAE Minister of State and Chairman of Masdar.
“The Cirata floating PV project is a monumental renewable energy project for Indonesia and the biggest floating PV in South East Asia. It will improve the capability of the Jawa-Bali power system and also increase the renewable energy mix in Indonesia,” said Zulkifli Zaini, President Director, PLN. “The potential of similar projects is endless, and we anticipate construction should begin soon, aiming for commercial operation in 2022.”
This project also targets to help Indonesia accomplish its energy goals. It goals for renewable energy to constitute 23% of its overall energy mix by 2025 and 31% by 2030. Enhancing renewable energy in the country could also help it save $51.7 billion annually, including air pollution and climate change impacts, according to the International Renewable Energy Agency (IRENA).
Jasmeet Khurana, WBCSD Talks About Corporate India’s Role in Adopting Sustainable Practices
Energetica India talks to Andrius Terskovas about Sun Investment Group & European RE Sector
Energetica India talks to Susan Eustis on ‘Global Renewable Energy' 2020 Outlook Report
Energetica India speaks to Mr. Rishi Seth on HPL's achievements in the Indian solar sector