Singapore-based solar developer and operator Sunseap Group Pte Ltd is proposing to build a giant 2.2-GWp floating solar complex with battery storage on Indonesia’s Batam Island.
The Singaporean firm said on Wednesday it has signed a memorandum of understanding (MoU) with Batam Indonesia free zone authority Badan Pengusahaan Batam (BP Batam), outlining an investment of some USD 2 billion (EUR 1.7bn). Apart from the photovoltaic (PV) panels, the scheme also envisages the installation of an energy storage system with a capacity of over 4000 MWh.
The floating solar park is planned to be constructed on the Duriangkang Reservoir in Batam, covering a water area of 1,600 hectares (3,954 acres). Once completed, it is expected to generate over 2,600 GWh of electricity annually, part of which will be consumed on the island and the rest would potentially be exported to Singapore via a subsea connection.
Construction works are due to begin next year, with commissioning scheduled for 2024.
Sunseap intends to finance the project through a mixture of bank loans and internal resources.