Acwa signs a PPA with Indonesia’s PLN for floating solar project: Saudi Arabia’s Acwa Power has signed a power purchase agreement (PPA) with Indonesia’s state-owned electricity utility PT Perusahaan Listrik Negara (PLN) for the Saguling 60 MW floating solar PV project in Indonesia, according to a statement. Acwa holds 49% of the project while PLN subsidiary Indonesia Power holds the rest. No further details were disclosed.

The project has been underway: PLN tapped Acwa Power to develop two floating solar projects worth USD 105 mn in 2022. The floating projects have a total capacity of 60 and 50 MWac each and are the first of their kind for Acwa Power. PLN is the offtake partner for both of the projects

Acwa has more plans for Indonesia: Acwa and PLN signed an MoU to develop renewable energy battery storage facilities and green hydrogen in 2022. Under the agreement, the two will look at several areas of partnership — including a possible 4 GW battery storage system and hydroelectric-powered green hydrogen or green ammonia facilities — and will also study a project for a 600-800 MW pumped-storage hydroelectricity facility.

PLN has big renewables plans: PLN is targeting a 31.6 GW renewable power capacity expansion between 2024 and 2033. The goal represents 75% of the total power capacity set to be added in that period, while the remaining 25% is expected to be generated from newly added natural gas plants.

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