{"id":80556,"date":"2023-11-13T00:00:00","date_gmt":"2023-11-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/masdar-inaugurates-145-mw-floating-solar-plant-in-indonesia\/"},"modified":"2023-11-13T00:00:00","modified_gmt":"2023-11-13T00:00:00","slug":"masdar-inaugurates-145-mw-floating-solar-plant-in-indonesia","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/11\/13\/masdar-inaugurates-145-mw-floating-solar-plant-in-indonesia\/","title":{"rendered":"Masdar inaugurates 145 MW floating solar plant in Indonesia"},"content":{"rendered":"

<\/strong>Masdar inaugurates long awaited floating solar plant in Indonesia: <\/strong>UAE renewables giant Masdar has begun operating its 145 MW Cirata floating solar plant in Indonesia and will begin selling its generated energy to Indonesia\u2019s utility company PLN Nusantara Power, according to a statement<\/a> released on Thursday. The plant \u2014 the largest of its kind in Southeast Asia and the third largest globally \u2014 will power 50k homes and displace 214k tons of CO2 emissions, according to the statement.<\/p>\n

The details:<\/strong> The plant was developed by both Masdar and PLN at an investment cost of IDR 1.7 tn (USD 108.7 mn), Reuters<\/a> reported on Thursday. Masdar first signed the power purchase agreement<\/a> with PLN back in 2020, marking the company\u2019s first entrance into the FPV market. The plant occupies 4% of the surface of the Cirata reservoir, which is 108 kms southeast of Indonesia\u2019s capital Jakarta.<\/p>\n

There\u2019s more to come:<\/strong> Masdar signed an agreement<\/a> with PLN in September to expand the Cirata plant with an additional 500 MW capacity of floating solar. The new agreement came after Indonesia issued regulations allocating up to 20% of water coverage for renewable energy operations, the company noted at the time. Masdar did not reveal the expected investment ticket for the upcoming phase yet, but the first stage is estimated to have a USD 145 mn price tag.<\/p>\n

Why floating solar is a good move: <\/strong>Installing offshore solar panels would resolve the many challenges<\/a> faced in regions worldwide in terms of available land and adequate space that doesn\u2019t require deforestation. Adding solar systems on existing reservoirs could allow more than 6k cities around the world to develop self-sufficient power systems, a paper published in Nature journal earlier this year found. The water\u2019s cooling effect on the floating panels can also make them more efficient, while reducing evaporation \u2014 and thus loss of fresh water supply \u2014 from the shade created by the panels, Masdar<\/a> said.<\/p>\n

But it\u2019s pricier and tougher to maintain:<\/strong>Challenges that offshore solar developers are yet to overcome<\/a> include higher costs of development \u2014 which are around 40% more expensive than panels installed on land \u2014 and corrosion from salts or strong winds.<\/p>\n

Masdar is interested in other Indonesian ventures:<\/strong> Earlier in February, Masdar acquired shares<\/a> in the geothermal unit of Indonesian government-owned geothermal utility Pertamina, which controls 82% of Indonesia's installed geothermal energy capacity and manages 13 geothermal energy projects generating 1.87 GW of electricity.<\/p>\n","protected":false},"excerpt":{"rendered":"

Say hello to Indonesia\u2019s first floating solar plant and the largest of its kind in Southeast Asia<\/p>\n","protected":false},"author":1,"featured_media":80557,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[171],"tags":[11,295,160,88,94,42,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-80556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar","tag-enterpriseclimate","tag-indonesia","tag-masdar","tag-renewables","tag-solar","tag-solar-energy","tag-uae","wpautop","entry"],"acf":{"mongo_id":"7b5f2290-bd7e-4c67-adec-35d5b28f598d","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/1831.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Masdar inaugurates 145 MW floating solar plant in Indonesia","related_issue":[80547],"teaser":"Say hello to Indonesia\u2019s first floating solar plant and the largest of its kind in Southeast Asia","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.c596796a-c303-4081-8d32-db3edc235547.mp3"},"yoast_head":"\nMasdar inaugurates 145 MW floating solar plant in Indonesia - 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