Masdar Strengthens Floating Solar Leadership with Indonesia Deals

Masdar, the UAE’s pioneering renewable energy company, and PT PLN (Persero), Indonesia’s state-run electricity provider, have taken major steps to boost floating solar power development in Indonesia, Southeast Asia’s biggest energy market.

Jatigede Dam Project Gains Momentum

The two energy giants have inked a Memorandum of Understanding (MoU) to collaborate on a new floating solar project at the Jatigede Dam in West Java. This follows Masdar’s success in securing the lowest tariff in Indonesia’s 2023 Hijaunesia bidding program. Construction is set to commence later this year, with the project anticipated to be completed by 2027.

Expansion Plans for Cirata Floating Solar Plant

In a parallel agreement, Masdar and PLN signed a ‘Principles of Agreement’ to assess the expansion potential of the existing Cirata Floating Photovoltaic Power Plant, which currently has a capacity of 145MWac. This flagship facility, which started operations in November 2023, is already making a significant contribution to Indonesia’s clean energy goals.

Agreements Signed During Presidential Visit

The official signing took place during the state visit of H.E. Prabowo Subianto, President of the Republic of Indonesia, to the UAE. Representing the two sides were Masdar’s CEO, Mohamed Jameel Al Ramahi, and PLN’s President Director, Dr. Darmawan Prasodjo.

Strengthening Bilateral Ties and Climate Goals

These latest deals highlight the deepening partnership between the UAE and Indonesia, reinforcing both countries’ climate ambitions. President Prabowo has outlined an ambitious target of adding over 75GW of renewable energy over the next 15 years. In support of this, Indonesia launched Danantara Indonesia in February 2025—a new agency focused on managing and elevating the global competitiveness of strategic state-owned enterprises like PLN.

Mohamed Jameel Al Ramahi, Chief Executive Officer, Masdar, said, “The Jatigede project will be a strong addition to our collaboration with PLN and its development, along with the expansion of our already record-breaking Cirata project, will enable us to build on our expertise in developing floating solar projects. These agreements also demonstrate our continuing commitment to supporting Indonesia’s ambitious renewable energy objectives. We look forward to building on the already powerful partnership we enjoy with PLN to further explore developing renewable energy projects that drive sustainable growth in Indonesia.”

Darmawan Prasodjo, President Director of PT PLN (Persero), added, “PLN is fully committed to leading Indonesia’s energy transition. These collaborations are a testament to the shared global effort needed to address the climate crisis. By expanding our renewable energy capacity, we’re reducing fossil fuel dependence, enhancing energy sustainability, and strengthening energy sovereignty while driving economic growth.”

Cirata’s Impact and Future Potential

Since becoming operational in 2023, the Cirata plant has been generating enough green electricity to power 50,000 homes annually while cutting approximately 214,000 tonnes of carbon emissions. Regulatory changes allowing greater water surface utilization have paved the way for capacity upgrades, with feasibility studies now successfully concluded, leading to this new collaboration.

Indonesia’s Natural Advantage for Solar Growth

With over 17,000 islands and more than 600 natural lakes and reservoirs, Indonesia presents prime conditions for the growth of floating solar technology. These natural advantages make it a strategic market for clean energy innovation.

Masdar’s Expanding Regional and Global Footprint

Masdar has been steadily deepening its presence in Southeast Asia, opening its Jakarta office in 2021 and entering the geothermal energy market in 2023. Globally, the company has grown its renewable energy portfolio by 150% in just two years—jumping from 20GW in 2022 to 51GW by the end of 2024. Masdar is firmly on track to reach 100GW in renewable capacity and to become a major green hydrogen producer by 2030.