Masdar, one of the world’s leading renewable energy companies, and PT Pembangkitan Jawa-Bali (PJB), announced that financial close has been achieved on the Cirata Floating Photovoltaic Power Plant project and construction work has begun.
Financing for the project, Indonesia’s first floating solar power plant, was arranged through Sumitomo Mitsui Banking Corporation, Societe Generale, and Standard Chartered Bank. The 145-megawatt (ac) plant is being developed by PT. Pembangkitan Jawa Bali Masdar Solar Energi (PMSE), a joint venture between Masdar and PT PJBI, and is expected to begin commercial operation in the fourth quarter of 2022.
The plant, set to be the largest of its kind in Southeast Asia and one of the largest in the world, is being built on the Cirata reservoir in the West Java Province. Once completed, it will provide enough electricity to power 50,000 homes, and will offset 214,000 tons of carbon dioxide emissions, and contribute to the creation of up to 800 jobs.
Bahlil Lahadalia, Minister of Investment for the Republic of Indonesia and Chairman of the Indonesia Investment Coordinating Board, said: “The Ministry of Investment fully supports the investment realization of the Cirata Floating Solar Project by PT. PJBI and Masdar. This is a flagship project of the UAE’s investment in Indonesia, and most importantly, it is in line with the Indonesian Government target in renewable energy mix of 23 percent by 2025”.
Sunseap Group and Badan Pengusahaan Batam (BP Batam) have signed a Memorandum of Understanding (MOU) for the building of a floating photovoltaic system (FPV) and energy storage system (ESS) on a reservoir in Indonesia's Batam Island.
Read more
Indonesian companies PT Jawa Satu Power (JSP) and PT Jawa Satu Regas (JSR) have secured US$1.312 billion financing for the Jawa 1 Gas-to-Power Project.
Read moreDoosan Heavy Industries & Construction (DHIC) has announced that it has signed a Memorandum of Understanding (MoU) to construct two 1,000 MW coal-fired power plants in Cilegon, Banten province, Indonesia.
Read moreBAM International bv has announced it will acquire Strukton International’s majority share in the joint venture Tidal Bridge BV, established in 2015 to develop floating power plants that convert tidal energy into electricity.
Read moreIndonesian state-owned utility PT PLN (Persero) has issued a request for proposals (RFP) for up to 1 GW geothermal projects. Interested parties are invited to submit bids to develop both geothermal steam fields and power plants with at least 5 MW capacity.
Read more