August 4, 2021 Read More →

Indonesia plans launch of largest floating solar project in Southeast Asia

Reuters:

Indonesia will begin work on a 145 megawatt (MW) floating solar power project, the largest in Southeast Asia, after state power utility Perusahaan Listrik Negara (PLN) and Masdar of United Arab Emirates agreed financing for the project on Tuesday.

Indonesia aims to have 23% of its energy from renewable sources by 2025 and the government has said the country will try to reach net zero emissions by 2060 by moving away from coal.

A joint venture between a unit of PLN and Masdar in West Java, the Cirata floating photovoltaic power plant is expected to be the largest of its kind in Southeast Asia and is scheduled to begin commercial operation in November 2022.

Financing of the project was arranged through Sumitomo Mitsui Banking Corp., Societe Generale, and Standard Chartered Bank, Masdar said in a separate statement on Tuesday.

[Bernadette Christina]

More: Indonesia begins work on Southeast Asia’s largest floating solar plant

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