{"id":86091,"date":"2024-08-15T00:00:00","date_gmt":"2024-08-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/08\/15\/acwa-power-signs-ppa-for-floating-solar-project-in-indonesia\/"},"modified":"2024-08-15T00:00:00","modified_gmt":"2024-08-15T00:00:00","slug":"acwa-power-signs-ppa-for-floating-solar-project-in-indonesia","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/08\/15\/acwa-power-signs-ppa-for-floating-solar-project-in-indonesia\/","title":{"rendered":"Acwa Power signs PPA for floating solar project in Indonesia"},"content":{"rendered":"

Acwa signs a PPA with Indonesia\u2019s PLN for floating solar project: <\/strong>Saudi Arabia\u2019s Acwa Power has signed a power purchase agreement (PPA) with Indonesia\u2019s state-owned electricity utility PT Perusahaan Listrik Negara (PLN) for the Saguling 60 MW floating solar PV project in Indonesia, according to a statement<\/a>. Acwa holds 49% of the project while PLN subsidiary Indonesia Power holds the rest. No further details were disclosed. <\/p>\n

The project has been underway: <\/strong>PLN tapped Acwa Power to develop two floating solar projects<\/a> 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<\/p>\n

Acwa has more plans for Indonesia:<\/strong> Acwa and PLN signed an MoU<\/a> to develop renewable energy battery storage facilities and green hydrogen in 2022. Under the agreement, the two will look at several areas of partnership \u2014 including a possible 4 GW battery storage system and hydroelectric-powered green hydrogen or green ammonia facilities \u2014 and will also study a project for a 600-800 MW pumped-storage hydroelectricity facility.<\/p>\n

PLN has big renewables plans:<\/strong> PLN is targeting a 31.6 GW renewable power capacity<\/a> 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. <\/p>\n","protected":false},"excerpt":{"rendered":"

Acwa holds 49% of the project white PLNs subsidiary holds the rest<\/p>\n","protected":false},"author":1,"featured_media":86092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[184,11,94,42],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar","tag-acwa-power","tag-enterpriseclimate","tag-solar","tag-solar-energy","wpautop","entry"],"acf":{"mongo_id":"91dddf2b-2cdf-4ea6-bbc6-b44acc0e5ea7","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1393.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Acwa Power signs PPA for floating solar project in Indonesia","related_issue":[86084],"teaser":"Acwa holds 49% of the project white PLNs subsidiary holds the rest","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.38d0b9ad-0dca-4b6c-899b-e546abd5a5ba.mp3"},"yoast_head":"\nAcwa Power signs PPA for floating solar project in Indonesia - 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