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Masdar JV starts construction on Indonesia’s first utility-scale floating solar power plant
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The 145-megawatt Cirata Floating Photovoltaic Power Plant is expected to begin commercial operations in Q4 2022 August 4, 2021
Abu-Dhabi headquartered renewable and clean energy company Masdar, along with its joint venture partner, said on Tuesday that financial close had been achieved on the Cirata Floating Photovoltaic Power Plant project in Indonesia and that construction work on it had begun.
Masdar has partnered with PT PJBI, a subsidiary of Indonesia’s state-owned electricity company PT PLN. Financing for the project, which is Indonesia’s first floating solar power plant, was arranged through Sumitomo Mitsui Banking Corporation, Societe Generale, and Standard Chartered Bank.
Dubai: Masdar, the Abu Dhabi renewable energy giant, has confirmed that funding for Indonesia’s Cirata Floating Photovoltaic Power Plant is now complete and construction has begun.
The plant, set to be the largest floating solar venture in the world, is being built on the Cirata reservoir in West Java Province. Once complete, it will provide enough electricity to power 50,000 homes, help offset 214,000 tons of carbon dioxide emissions, and contribute to the creation of up to 800 jobs.
It is being developed by PT. Pembangkitan Jawa Bali Masdar Solar Energi (PMSE), a joint venture between Masdar and PT PJBI, a subsidiary of Indonesia’s state-owned electricity company PT PLN. The plant is expected to begin operations in the fourth quarter of 2022.
Masdar JV starts construction on Indonesia s floating power plant gulftoday.ae - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulftoday.ae Daily Mail and Mail on Sunday newspapers.
Masdar, PT PJBI Form Joint Venture To Drive Development Of Indonesiaâs First Floating Solar Power Plant Thu 17th December 2020 | 06:45 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 17th Dec, 2020) Masdar, one of the worldâs leading renewable energy companies, and PT PJBI, a subsidiary of Indonesiaâs state electricitycompany PT PLN (Persero), today announced the formation of a joint venture to drive the development of the Cirata Floating Photovoltaic Power Plant â Indonesiaâs first floating PV project.
The new company, PT. Pembangkitan Jawa Bali Masdar Solar Energi (PMSE), was formally announced at a ceremony at the Cirata reservoir in West Java, where the project will be located.