Saudi-listed ACWA Power, has announced the signing of the Power Purchase Agreement (PPA) with state-owned electricity utility PT Perusahaan Listrik Negara (Persero) (PLN), for the Saguling Floating Solar PV Project in Indonesia.
Marking ACWA Power’s first floating solar PV project, the Saguling project will have a capacity of 60MW.
ACWA Power has a 49% equity stake in the project, with the rest being held by Indonesia Power, a subsidiary of PLN. PLN serves as the offtake partner for these projects.
ACWA Power is expanding its footprint in Indonesia through strategic investments that contribute to economic growth and enable a sustainable future. Work is also underway on the country’s largest green hydrogen facility, also in collaboration with PLN: the Garuda Hidrogen Hijau (GH2) Project.
