Masdar to build Indonesia’s utility-scale floating solar power plant
Masdar and PT PJBI, a subsidiary of Indonesia’s state-owned electricity company PT PLN, announced that financial close has been achieved on the Cirata Floating Photovoltaic Power Plant project and construction work has begun.
Financing for the project, Indonesia’s first floating solar power plant, was arranged through Sumitomo Mitsui Banking Corporation, Societe Generale, and Standard Chartered Bank. The 145-megawatt (ac) plant is being developed by PT. Pembangkitan Jawa Bali Masdar Solar Energi (PMSE), a joint venture between Masdar and PT PJBI, and is expected to begin commercial operation in the fourth quarter of 2022.
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