Masdar has announced it has signed agreements to collaborate with Indonesia's state-owned utility company, PLN, to move ahead with major development plans for Southeast Asia's largest floating solar power plant and explore green hydrogen opportunities.
The development at the UN's Climate Change Conference COP28 in the UAE builds on years of successful collaboration between Masdar and PLN. The partnership has already resulted in the launch of Southeast Asia's largest floating solar power plant, the 145MWac (192MW peak) Cirata project. Located on the Cirata reservoir in West Java, Indonesia, the plant was inaugurated earlier this month and generates enough renewable energy to power 50,000 homes, while displacing 214,000 tonnes of carbon emissions per year.
The latest agreements were exchanged at COP28 and witnessed by HE Suhail Al Mazrouei, UAE Minister of Energy and Infrastructure, and the UAE Ambassador to Indonesia, ASEAN and Timor Leste, HE Abdulla Al Dhaheri. The agreements were signed by Masdar's Chief Executive Officer, Mohamed Jameel Al Ramahi, Chief Executive Officer of PLN Group, Darmawan Prasodjo, and President Director of PLN NP, Ruly Firmansyah.
They included a framework agreement for a joint study into the tripling of Cirata's capacity to up to 500MW. The companies also agreed to explore renewable energy options around the world and the prospect of developing green hydrogen.
Masdar's Chief Executive Officer, Mohamed Jameel Al Ramahi, said: "Masdar looks forward to expanding its pioneering clean energy work with PLN. We were extremely proud to inaugurate the 145MW (192MWp) floating solar power plant with our valued partners earlier this month. The Cirata project shows how innovation can be used to meet multiple needs at once. The plant powers homes, cuts emissions, has created jobs and reduced land use because it is built on water. As the world looks for urgent solutions to the climate crisis at COP28, we need more smart projects like Cirata. With its robust economy and abundant renewable resources, Southeast Asia is a key investment destination for Masdar. Through our deepening cooperation with PLN, we will continue pioneering innovation in solar, green hydrogen and other key areas in support of the region's energy transition."
In September, Masdar and PLN signed an agreement to develop Phase II of the Cirata plant to triple capacity by up to 500MW. This came after a recent regulatory change from the Ministry of Public Works and Housing in Indonesia, which now allows up to 20% of water coverage for renewable energy uses.