Renewable Energy firm Masdar partnered with Perusahaan Listrik Negara (PLN), Indonesia’s state-owned utility company, on Sunday with an objective to erect Southeast Asia’s largest floating solar power plant in order to explore green hydrogen opportunities.
The deal was signed by Mohamed Jameel Al Ramahi, Masdar’s CEO, Darmawan Prasodjo, executive chief of PLN Group and Ruly Firmansyah, president at PLN NP at the UN’s climate change conference COP28 in the UAE, said the company.
Additionally, the deal has already resulted with the launch of one of the largest floating solar power plant, Cirata project.
Located on the Cirata reservoir in West Java, Indonesia, Masdar said, the plant was inaugurated earlier this month, with an ability to generate enough renewable energy to power about 50,000 homes, while displacing 214,000 tonnes of carbon emissions per year.
In early December, the company also signed a deal with RWE, North Rhine-Westphalia based utility firm, to invest 11 billion euros in UK’s renewable energy sector. Masdar said it looks to acquire a 49% stake in RWE’s 3 gigawatt (GW) Dogger Bank South (DBS) projects, and the deal is expected to close in the first quarter of 2024.
“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,” said Al Ramahi.
With Cirata’s robust economy and abundant renewable resources, Southeast Asia is a key investment destination for Masdar, through our deepening cooperation with PLN, the firm will continue to pioneer innovation in solar, green hydrogen and other key areas in support of the region’s energy transition, added Al Ramahi.
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