Masdar has signed strategic agreements for new renewable energy projects in Indonesia to support the country’s energy transition. The company signed an agreement with Pertamina Power Indonesia to develop renewable energy projects in Indonesia and internationally.

The agreements were signed during the 10th World Water Forum in Bali. The company signed a Joint Development Study Agreement with PLN Nusantara Power to develop phase 2 of the Cirata floating solar power plant. Additionally, Masdar received approval to develop up to 2 GW of renewable energy projects in Indonesia’s new capital city, Nusantara.
 

The agreements reinforce the ongoing partnership between the UAE and Indonesia towards developing the region’s renewable energy market while supporting Indonesia’s current and future energy needs.

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Mohamed Jameel Al Ramahi, Masdar’s CEO, said, “The UAE remains firmly committed to advancing Indonesia's energy sector through a focus on renewables. In line with the UAE consensus reached at COP28, Masdar is dedicated to forging partnerships that unlock transformative solutions for clean energy access. Our joint efforts will catalyze investments in green hydrogen, solar, and wind to position Indonesia as a regional leader in the global energy transition.”

Masdar is aiming for a renewable energy portfolio capacity of 100 GW by 2030, supporting the target set in the UAE Consensus to triple global renewables capacity by the end of this decade, and aims to be a leading producer of green hydrogen by the same year.

Details About the Agreements

Masdar signed a Memorandum of Understanding (MoU) with Pertamina Power Indonesia to develop solar, wind, and green hydrogen projects in Indonesia and abroad. This builds on Masdar’s existing partnership with the company through Pertamina Geothermal Energy. The MoU represents a significant step in strengthening the strategic relationship between Masdar and Pertamina Power Indonesia.

Masdar also signed a Joint Development Study Agreement with PLN Nusantara Power for Cirata Phase II to triple capacity by up to 500 MW following the successful launch of the initial 145 MW phase of one of Indonesia's largest floating solar projects.

Additionally, Masdar received approval to develop up to 2 GW of renewable energy capacity in Indonesia’s new capital city, Nusantara. The project is starting with an initial phase of 145 MW. This follows a proposal by Masdar to meet the city’s energy needs by 2045 using solar and wind projects.

Read: Egypt Unveils Plans to Build a 10 GW Onshore Windfarm

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