Saudi-listed ACWA Power, recognized as the world’s largest private water desalination company has signed a Power Purchase Agreement (PPA) with Indonesia’s state-owned electricity utility, PT Perusahaan Listrik Negara (PLN), for the Saguling Floating Solar PV Project. This 60MW project marks ACWA Power’s first foray into floating solar technology. ACWA Power holds a 49% equity stake in the project, while the remaining 51% is owned by Indonesia Power, a subsidiary of PLN. The Saguling project will significantly contribute to Indonesia’s renewable energy strategy, with PLN serving as the offtaker for the solar power generated.
ACWA Power signs PPA for Indonesia’s 60MW floating solar project
ACWA Power expands its renewable portfolio with the 60MW Saguling floating solar project, in partnership with Indonesia Power. (Photo Credit: ACWA Power)
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