Sunseap to build 2.2 GWp floating solar project on Indonesian tank
- Singapore-based solar designer Sunseap Group has actually secured an agreement to build what it claims will certainly be the globe's biggest floating PV project on the Indonesian island of Batam.
The 2.2 GWp project will certainly cost US$ 2 billion as well as feature an energy storage system with an ability larger than 4GWh to supply "non-intermittent solar power 24/7", Sunseap said. A portion of the energy will be consumed in Batam, while it will certainly also be possible to export output to Singapore through a subsea wire.
Sunseap authorized a contract with regional advancement authority BP Batam for building of the plant, which is expected to span 1,600 hectares and also create greater than 2,600 GWh of electricity each year.
Construction on the plant is expected to begin next year and also be complete in 2024. Sunseap claimed the installation will certainly be funded with a mix of bank loans and also internal sources.
The installment will be improved the Duriangkang Reservoir, which was initially a saltwater bay as well as currently offers more than half of Batam's freshwater supply. Sunseap promoted the potential of floating solar systems to lower dissipation, while the cooling result of the water will certainly enable panels to create even more energy.
The project will be larger than a 2.1 GW floating solar plant prepared for South Korea's Saemangeum Seawall dyke that is anticipated to be finished in 2025.
Sunseap's work in the floating PV section has actually seen it recently complete a 5MWp project in Singapore that has a power purchase agreement in position with Facebook.
"Our company believe that floating solar systems will go a long way to resolve the land constraints that urbanised parts of Southeast Asia face in touching renewable resource," claimed Sunseap CEO Frank Phuan.
Throughout the Solar & Storage space Finance Asia occasion earlier this month, it was recommended that offered the verified capability to release large-scale floating PV plants, funding needs to be readily available for new floating projects throughout Southeast Asia.
Lately completed floating solar projects in the area include a 60MW set up from Sembcorp in Singapore as well as a 181MWp offshore plant developed by Chenya Energy in Taiwan.