Masdar JV starts construction on Indonesia’s first utility-scale floating solar power plant 0 Comments Get daily business news from the region delivered straight to your inbox I agree to the terms and conditions SIGN UP 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.