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Indonesian steel company to build 40MW floating solar project

April 08, 2021

The Jakarta Post/ANN:

State-owned steelmaker Krakatau Steel plans to build a 40 megawatt (MW) floating solar photovoltaic (PV) power station in Banten to power the operations of its water treatment subsidiary, PT Krakatau Tirta Industri (KTI).

KTI signed a US$14 million deal on Monday (April 5) with energy company Akuo Energy Indonesia, a subsidiary of Paris-based Akuo Energy SAS, to develop the floating station on its water reservoir in Cilegon, Banten.

Krakatau Steel president director Silmy Karim said the power station would have a 16 MW capacity by 2022 that would cut power bills by Rp 7.8 billion ($537,352.92) annually. The capacity would be raised to 40MW by an unspecified date.

“This partnership is the start of our next business development project in renewable energy with Akuo Energy SAS. This will generate added value for the Krakatau Steel Group that is in line with improving the competitiveness of Krakatau Steel and its attention to emissions reduction,” Silmy said on Monday, as quoted in a news release.

Akuo Energy SAS has developed 1,400 MW worth of renewable energy in 18 countries, including the United States, France, Poland, Australia, Croatia, the United Arab Emirates, Turkey, Uruguay and Morocco.

Indonesia plans to have renewable energy account for 23 per cent of the country’s energy mix by 2025, but last year, the share was only 11.51 per cent, and many studies predict the country will miss the target.

More: Indonesia’s Krakatau Steel to build 40 MW floating solar power station

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