DUBAI — Abu Dhabi’s clean energy company Masdar signed an agreement Tuesday with Indonesia’s state-owned PLN Nusantara Power to triple the capacity of Southeast Asia’s largest floating photovoltaic solar plant, according to a Tuesday press release.
The new deal will launch Phase II of the Cirata photovoltaic solar plant in the Indonesian province of West Java, for a total of 500 megawatts (MW), according to a Tuesday press release from Masdar.
The initial 145 MW phase of the photovoltaic solar plant is expected to come online this year, although it was originally planned to be commercially operational in November 2022, according to Reuters. The press release did not reveal when phase two of the project is expected to be complete.
Masdar — which has invested in 40 countries with projects reaching more than $30 billion — first agreed to finance the project in August 2021.
