Masdar and Indonesia forge partnerships to expand RE projects

It entered agreements with Pertamina Power Indonesia and PLN Nusantara Power.

Abu Dhabi-based energy firm Masdar signed strategic partnerships with Indonesia to increase the Southeast Asian country’s renewable energy projects.

In a statement, Masdar said it signed a memorandum of understanding with Pertamina Power Indonesia for the development of solar, wind, and green hydrogen projects in Indonesia and abroad, banking on its existing partnership with Pertamina Geothermal Energy.

The company also signed a Joint Development Study Agreement with PLN Nusantara Power for the second phase of the Cirata Floating Photovoltaic Power Plant to increase its capacity by up to 500 megawatts (MW).

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Aside from this, Masdar also received approval to push through with the development of renewable energy projects of up to two gigawatts in Nusantara, with the initial phase involving 200 MW in the new capital.

“Our joint efforts will catalyse investments in green hydrogen, solar and wind to position Indonesia as a regional leader in the global energy transition,” Masdar CEO Mohamed Jameel Al Ramahi said.