Abu Dhabi energy company signs agreement with PT Pembangkitan Jawa-Bali
Masdar, Abu Dhabi Future Energy Company, and Indonesian power company PT Pembangkitan Jawa-Bali have signed an agreement to develop the world’s largest floating solar photovoltaic power plant.
With a capacity of 200 megawatts, the plant will cover an area of 225 hectares atop the Cirata Reservoir in the West Java province of Indonesia, according to the UAE state news agency WAM. The 6,000-hectare Cirata Reservoir already powers a 1GW hydroelectric power station.
“Today’s signing marks the entry of Masdar into South East Asia and our first project in floating solar power,” said Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar. “The agreement with PT PJB for the world’s largest floating solar power plant demonstrates Masdar’s ambition as a global renewable energy leader and the strength of our industry partnerships.”
“PJB is excited and looking forward to working with Masdar,” said Iwan Agung Firstantara, President Director of PT PJB. “We believe this project development agreement is a milestone in the development of other floating PV solar power plants; this 200MW project will be the largest project of its kind in Indonesia and PJB-Masdar will be a pioneer of floating PV technology.”
Since 2006, Masdar has invested in renewable energy projects with a combined value of $8.5 billion, the company’s share of this investment is $2.7 billion.