PLN picks ACWA to develop floating solar in Indonesia

PLN picks ACWA to develop floating solar in Indonesia

Saudi Arabia-based developer ACWA will build two floating solar PV projects in Indonesia after winning a deal from Indonesia state-owned electricity utility PLN.

The projects will enable Indonesia to achieve its renewable energy target of 23% by 2025, under the country’s National General Energy Plan, claimed ACWA in a statement.

“This marks ACWA Power’s first foray into the Southeast Asian country, as well as the company’s first floating solar PV projects in its portfolio. Named the Saguling Floating Solar PV project and Singkarak Floating Solar PV Project, the facilities will have a capacity of 60MWac and 50MWac respectively and represent a combined investment value of US$105million. ACWA Power has a 49% equity stake in both projects, with the rest being held by Indonesia Power, a subsidiary of PLN,” added ACWA.