Close Menu
TheKhaleejPost
    What's Hot
    Business

    DGHR organises ‘Community Change Lab’ to advance ‘Year of Community’ objectives

    News

    Revolutionizing Cardiac Care: “Beirut Valves” Marks A New Milestone For AUBMC’s Structural Heart Program

    Business

    CARS24 Expands Service Portfolio to Strengthen UAE’s Used Car Market

    Important Pages:
    • Home
    • Privacy Policy
    • Terms & Conditions
    Facebook X (Twitter) Instagram Pinterest
    Facebook X (Twitter) Instagram Pinterest
    TheKhaleejPost
    • Home
    • Technology

      Future-focused: Swiss International Scientific School in Dubai expands IB Career-related Programme

      ArabyAds Talent introduces the next evolution of celebrity management and representation for MENA’s public figures

      Nokia, CST, ACES NH, along with Mobily and Zain launch industry-first 4.0 GHz spectrum sharing deployment using Neutral Host model in Saudi Arabia

      LG launches “Radio Optimism” campaign to spread “Life’s Good” through music

      EMR June 2025: 5G and FWA accelerating Gulf region’s digital ambitions

    • Business

      Aster DM Healthcare and GEMS Education partner to champion children’s health and wellbeing in schools across UAE

      Comera Pay, part of Abu Dhabi’s Royal Group, secures Visa Principal Membership to launch multicurrency offering in the UAE

      Rihal raises new round led by ITHCA Group to accelerate regional expansion and enterprise SaaS products

      Muriya and OMRAN Group inaugurate Hawana Hospitality Centre in Hawana Salalah

      IILM co-organises first-ever Capacity Building Programme in Oman to strengthen engagement on Islamic liquidity

    • Submit A Press Release
    TheKhaleejPost
    Home » Masdar Advances Floating Solar Leadership with New Indonesia Agreements
    Business

    Masdar Advances Floating Solar Leadership with New Indonesia Agreements

    Facebook Twitter Pinterest WhatsApp
    Share
    Facebook Twitter Pinterest WhatsApp

    Abu Dhabi, United Arab Emirates: Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy leader, and PT PLN (Persero), Indonesia’s state-owned electricity company, have signed two agreements that will advance the development of floating solar power projects in Southeast Asia’s largest energy market.

    The companies signed a Memorandum of Understanding (MoU) to develop a floating solar power plant at the Jatigede Dam reservoir in West Java, after Masdar secured the lowest tariff in the Hijaunesia 2023 bidding program. Development of the plant is due to start this year, with completion scheduled for 2027.

    Masdar and PLN also signed a ‘Principles of Agreement’ to explore the potential expansion of Masdar’s 145MWac Cirata Floating Photovoltaic Power Plant, the first phase of which began operations in November 2023.

    The agreements were signed on the sidelines of the state visit of H.E. Prabowo Subianto, President of the Republic of Indonesia, to the UAE. The signatories were Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Dr. Darmawan Prasodjo, President Director of PT PLN (Persero).

    The agreements build on the UAE’s strong relationship with Indonesia and will contribute to the country’s goal of achieving net-zero emissions by 2050. Last year, President Prabowo announced plans to add over 75GW of renewable energy capacity in the next 15 years as part of Indonesia’s shift to a low-carbon economy. In February, the government established a new strategic investment management agency, Danantara Indonesia, designed to manage and enhance the global competitiveness of key state-owned enterprises, including PLN.

    Mohamed Jameel Al Ramahi, Chief Executive Officer, Masdar, said, “The Jatigede project will be a strong addition to our collaboration with PLN and its development, along with the expansion of our already record-breaking Cirata project, will enable us to build on our expertise in developing floating solar projects. These agreements also demonstrate our continuing commitment to supporting Indonesia’s ambitious renewable energy objectives. We look forward to building on the already powerful partnership we enjoy with PLN to further explore developing renewable energy projects that drive sustainable growth in Indonesia.”

    Darmawan Prasodjo, President Director of PT PLN (Persero), added, “PLN is fully committed to leading Indonesia’s energy transition. These collaborations are a testament to the shared global effort needed to address the climate crisis. By expanding our renewable energy capacity, we’re reducing fossil fuel dependence, enhancing energy sustainability, and strengthening energy sovereignty while driving economic growth.”

    Masdar’s innovative Cirata project began operations in 2023, with the plant now generating enough renewable energy to power 50,000 homes, while displacing 214,000 tonnes of carbon emissions per year. Following regulatory changes increasing the proportion of water coverage allowed for renewable energy usage, Masdar and PLN signed an agreement in 2023 to work on jointly assessing the increase of Cirata’s capacity. This latest agreement follows the successful completion of studies into the feasibility of the expansion.

    Indonesia, the world’s largest archipelago with more than 17,000 islands and over 600 natural lakes and reservoirs, offers ideal conditions for the growth of floating solar power.

    Indonesia is a key strategic partner in Southeast Asia for the UAE, where it has an expanding portfolio of interests, including a strategic investment in 2023 that marked Masdar’s entry into the geothermal energy sector. Masdar opened an office in Jakarta in 2021 to further strengthen links with key players within the region.

    Masdar has significantly increased its global renewable energy portfolio in the past two years, increasing overall capacity 150 percent to 51GW by the end of 2024, from 20GW in 2022. The company has developed and partnered in projects in over 40 countries, with a mandate to increase its renewable energy portfolio capacity to 100GW by 2030 and to become a leading producer of green hydrogen by the same year.

    About Masdar:

    Masdar (Abu Dhabi Future Energy Company) is one of the world’s fastest-growing renewable energy companies. As a global clean energy pioneer, Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate the energy transformation and help the world meet its net-zero ambitions. Established in 2006, Masdar has developed and invested in projects in over 40 countries with a combined capacity of over 50 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future.

    Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year.

    Share. Facebook Twitter Pinterest WhatsApp
    Previous ArticleAbu Dhabi Chamber cooperates with Florida, Guangxi, and Moscow to increase trade and investment
    Next Article NBO Simplifies Digital Account Opening Experience

    Related Posts

    Business

    Aster DM Healthcare and GEMS Education partner to champion children’s health and wellbeing in schools across UAE

    Business

    Comera Pay, part of Abu Dhabi’s Royal Group, secures Visa Principal Membership to launch multicurrency offering in the UAE

    Business

    Rihal raises new round led by ITHCA Group to accelerate regional expansion and enterprise SaaS products

    Business

    Muriya and OMRAN Group inaugurate Hawana Hospitality Centre in Hawana Salalah

    Business

    IILM co-organises first-ever Capacity Building Programme in Oman to strengthen engagement on Islamic liquidity

    Business

    Marjan announces completion of infrastructure works on RAK Central in Ras Al Khaimah

    Business

    Emirates takes home 2 global accolades at the 2026 APEX awards

    Business

    Etijah Marks 15 Years of Shaping Purposeful Careers Across the Region

    Stay In Touch
    • Facebook
    • Twitter
    Top Picks
    Business

    GGTech Hires New CPO And Head Of Global Sales To Boost Its International Expansion

    GGTech Entertainment, an international company dedicated to the organisation and management of products related to…

    QIB announces new millionaire of the Misk Account

    Zvezda Beauty: A New Brand Launching from the Heart of Saudi Arabia

    World’s No.1 Leadership Thinker, Dr. Marshall Goldsmith to Unveil his AI Twin Bot at ATD Middle East Conference 2024 in Abu Dhabi

    Palestinian Entrepreneur Wins Sheikh Salem Al-Ali Al-Sabah Informatics Award in Kuwait

    Stay ahead with TheKhaleejPost, your premier destination for breaking news, analysis, and in-depth coverage across the Gulf region and beyond. Discover diverse viewpoints, stay informed, and delve into the stories shaping our communities and world.

    Facebook X (Twitter)
    Categories
    • Business (432)
      • Career (1)
      • Management (5)
      • Startup (11)
    • Culture (77)
    • Entertainment (31)
      • Celebrity (3)
      • Movies (2)
      • TV Shows (1)
    • News (73)
    • Politics (12)
    • Technology (64)
      • Phones (2)
      • Science (2)
    • Videos (10)
    Our Picks
    Business

    TPG and Hassana Investment Company Announce $1.5 Billion Strategic Partnership

    Business

    American University of Bahrain receives Certificate of Compliant with the General Framework Standards from BQA

    Business

    Samsung showcases new Galaxy AI Experiences at its latest innovative pop-up space in Mall of the Emirates

    © 2025 TheKhaleejPost.
    • Home
    • About Us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Type above and press Enter to search. Press Esc to cancel.