Masdar 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 partnership has already resulted in the launch of Southeast Asia’s largest floating solar power plant, the 145MW Cirata project located on the Cirata reservoir in West Java, Indonesia, which was inaugurated earlier this month.
They have now signed 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 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.”