Sagulin and Singkarak, two floating photovoltaic projects of Perusahaan Listrik Negara (PLN) will benefit from ACWA Power’s expertise.
A fruitful partnership
Sagulin and Singkarak will have, respectively, a 60MWac and a 50MWac. They represent an investment value of $105 million. Thus, these projects will allow Indonesia to reach its target of 23% of renewable energy by 2025.
ACWA Power has a 49% interest in Sagulin and Singkarak. Indonesia Power, a subsidiary of PLN, holds the rest. Finally, ACWA Power and PLN now expect to finalize the power purchase agreements for these projects.
A regional development
PLN controls, owns and operates nearly 69% of the production capacity in Indonesia. By the end of 2021, the company controlled more than 64.5GW of generating capacity in the country. Clive Turton, Investment Director at ACWA Power says:
“As one of the world’s most populous countries and a large consumer of conventional energy sources, any action taken in Indonesia to mitigate greenhouse gas emissions will have a significant impact on the global fight against climate change. For companies like ACWA Power, who intend to make the energy transition, this country is an exciting market because there is government support, an understanding of global challenges, considerable demand and an urgent need to supply the country’s many residents.”
Sagulin and Singkarak are the group’s second and third projects in the Southeast Asian region. The first project was the Vinh Hao 6 power plant. This is a 50MW project in Vietnam.
