Masdar has signed a memorandum of understanding (MoU) with Pertamina Power Indonesia, focusing on the development of solar, wind, and green hydrogen projects in the country. Additionally, Masdar signed a joint development study agreement (JDSA) with PLN Nusantara Power to expand the Cirata Floating Solar PV project, aiming to triple its capacity to 500 MW from the initial 145 MW phase launched in 2023.
These new initiatives also include the development of up to 2 GW of renewable energy (RE) in Nusantara, starting with an initial phase of 200 MW. This development aligns with the country’s commitment to making Nusantara a model eco-city powered by clean energy. Moreover, Masdar’s ongoing projects in Indonesia, include the Cirata Floating Solar PV plant—the largest floating solar facility in the region.