Masdar looks to extend renewables placement in 'crucial market' Southeast Asia

Mar 2, 2021 06:55 PM ET
  • Abu Dhabi-based renewables company Masdar has a "significant aspiration" to increase its tidy energy portfolio in Southeast Asia, a firm exec has actually told PV Tech.
Masdar looks to extend renewables placement in 'crucial market' Southeast Asia
Image: Masdar

As the firm makes progress with the advancement of a 145MW floating solar project in Indonesia, it is now wanting to grow in neighboring nations. "We are discovering chances in Malaysia, Philippines, Thailand as well as Vietnam. We see the entire ASEAN (the Organization of Southeast Eastern Nations) region as a crucial market," said Ahmed Al Awadhi, director of company growth and also financial investment at Masdar Clean Energy.

He claimed the company will certainly remain to deploy capital into Asia Pacific's renewables market, across innovations consisting of solar, storage and also wind.

Specifically, Masdar sees "massive potential" to deploy clean energy projects in Indonesia, which is claimed to account for nearly 40% of total energy use among ASEAN countries as well as is targeting 23% of its energy mix to be from eco-friendly resources by 2025.

" Other than solid favourable market conditions, connections in between the UAE as well as Indonesia are likewise really strong," Al Awadhi said. "The [Indonesian] government is additionally taking into consideration strategies to create an extra 60 floating photovoltaic or pv plants-- capitalising on its existing natural resources, with the nation containing over 600 lakes as well as storage tanks."

Masdar recently formed a joint venture with PT PJBI, a subsidiary of Indonesia's state electrical energy business PT PLN, to drive advancement of the 145MW floating solar project at the Cirata reservoir in West Java.

The plant will certainly be built on 4% of the tank's water surface, with around 350,000 photovoltaic panels prepared into numerous islands secured to the bottom of the reservoir utilizing mooring lines. It will certainly be attached to the 150kV Cirata switchyard, situated 4km from the power project.

After signing a power purchase arrangement for the center early last year, Masdar is gaining from PT PJBI's regional understanding, as two business deal with achieving monetary close, with construction slated to start in the very first fifty percent of 2021.

Al Awadhi claimed that operating in Indonesia needs the best network as well as neighborhood expertise to deliver outcomes, specifically in areas such as website accessibility, allowing, offtake and also guidelines. "PJBI is playing a substantial duty in bringing the project to closing, specifically on the allowing work stream, on land-related issues as well as other vital neighborhood activities. On our side, Masdar contributes with its technological expertise through its substantial renewable energy and tidy modern technology development experience across 30 countries around the globe."

Established by the Abu Dhabi government in 2006, Masdar now has an operational or under-development creating capacity of more than 10GW, with an existence in the solar sector of nations such as Jordan, Morocco, Egypt and also Armenia. The business recently went into the United States solar market as well as penciled a handle EDF to service renewables projects in Israel.

With the preliminary success of the PT PJBI collaboration in Indonesia, Al Awadhi stated the company is aiming to keep its growth in Southeast Asia through comparable collaborations: "Collaborations lie at the heart of our company as well as financial investment viewpoint."

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