search.noResults

search.searching

saml.title
dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
Solar power |


Floating PV launched in Indonesia


PMSE achieved financial close for the Cirata reservoir floating PV project – Indonesia’s first ever such facility – on 3 August, following the satisfactory completion of the lender’s due diligence review


PMSE (PT. Pembangkitan Jawa Bali Masdar Solar Energi), is a joint venture between Masdar (Abu Dhabi Future Energy Company PJSC – Masdar) and Indonesian state-owned electricity company Perusahaan Listrik Negara (PLN) subsidiary PJBI. The senior debt of the floating solar project is being provided by Sumitomo Mitsui Banking Corporation, Societe Generale, and Standard Chartered Bank.


DNV, independent energy consultant and assurance provider, acted as lender’s technical advisor during the development phase of the project, which is located in West Java. The Cirata floating PV plant will have an installed capacity of 145 MWac.


Once operational, the Cirata plant will be one of the largest of its kind in south east Asia. The region is already home to a number of large scale floating PV (FPV) installations, including Vietnam’s 70 MW FPV facility in Quang Thanh and Singapore’s 60 MW FPV facility at Tengeh reservoir.


All power generated by the Cirata FPV plant will be supplied and sold to PLN under a power purchase agreement (PPA).


DNV supported the first phase of the Cirata floating PV project, which began in April 2020 and involved pre-construction due diligence. DNV’s role included undertaking site studies, estimating solar resource data and energy yield and reviewing the financial model’s technical assumptions.


DNV also reviewed the project design, technology, power purchase agreement, engineering, procurement and construction (EPC) contract and contractor, the operation and maintenance contract, plan and operator. In addition to conducting a technical due diligence, DNV also evaluated the environmental and social impact assessments to ensure compliance with internal best practices and International Finance Corporation (IFC) standards.


“DNV is delighted to be supporting PMSE in Cirata FPV


developing Indonesia’s first floating solar PV project which is expected to pioneer significant uptake in the technology as the country shifts to low-carbon power generation solutions,” said Brice Le Gallo, regional director for energy systems Asia Pacific at DNV.


”DNV’s experience in advising sponsors and lenders on floating PV, which is a relatively new technology, was a key differentiator and was instrumental in its selection as the lender’s technical advisor for the Cirata floating PV project,” said Przemek Lupa, president director of PMSE. In addition to advising on 800 MW of installed floating PV capacity in Asia Pacific, including Singapore’s Tengeh reservoir project, DNV has been involved in a combined 2 GW of floating PV projects worldwide.


DNV also led a collaborative joint industry project (JIP) involving 24 industry participants that in March 2021 produced a set of recommended FPV practices for accelerating safe, sustainable and sound design, development and operations. Initially considered a niche technology, floating PV is now the fastest-growing solar PV category, alongside ground-mounted utility-scale solar and rooftop PV.


Over 60 countries have actively pursued the deployment of floating PV, with more than 35 installing an estimated 350 operational floating PV systems, totalling 2.6 GW of installed capacity.


The use of floating PV technology is expected to grow by an average 20% per annum in the next five years as installation costs fall. The technology is expected to make renewable energy more viable and economic for countries and islands where land is scarce, expensive or topographically unsuitable.


For Indonesia, which has historically relied on coal, gas, geothermal and hydropower to produce electricity, the Cirata floating solar power plant is expected to pioneer significant growth in solar PV by demonstrating the technical and commercial feasibility of solar PV systems in the country.


Tengeh FPV 26 | September 2021 | www.modernpowersystems.com


In recognition of the significant economic, social and environmental benefits that it will bring, the Cirata floating PV project has been designated a National Strategic Project by the Indonesian government, giving it priority status. The project is scheduled to begin commercial operation in the fourth quarter of 2022. Under Indonesia’s Electricity Infrastructure Acceleration Program, the government is aiming to supply 23% of the nation’s electricity needs from renewable energy by 2025. The plan will involve the construction of up to 60 floating PV plants in Indonesia. As the world’s largest archipelago, Indonesia has over 600 lakes, dams and reservoirs which could potentially be used for floating PV farms. Deploying floating PV systems on these water bodies will not only help conserve the country’s land resources but can also offer additional benefits such as preserving water quality and protecting these ecosystems from rising temperatures and water evaporation. Indonesia is currently the largest energy consumer in the Association of Southeast Asian Nations (ASEAN) region. Shifting to clean energy may translate to savings of around US$ 52 billion per year once the effects of improved health, air pollution and climate change are factored into to the energy cost savings, according to the International Renewable Energy Agency (IRENA).


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45