ASIATODAY.ID, JAKARTA – Indonesia is accelerating its clean energy transition with the launch of the Saguling Floating Solar Power Plant, backed by a substantial investment of US$60 million. This renewable energy project marks a major step forward in cutting carbon emissions and advancing the nation’s target of achieving Net Zero Emissions by 2060.
Located on the Saguling Reservoir in West Java, the floating solar plant is developed by PLN Indonesia Power and ACWA Power. With an installed capacity of 92 MWp, the project is expected to reduce carbon emissions by approximately 63,100 tons of CO₂ annually, increase Indonesia’s solar energy capacity by 13%, generate clean and affordable electricity to strengthen national energy security.
The project’s funding is supported by three leading international financial institutions: DEG (Germany), PROPARCO (France), and Standard Chartered Bank (United Kingdom). Their contribution covers the development, construction, and operation of the Saguling Floating Solar Plant under the framework of Indonesia’s Just Energy Transition Partnership (JETP).
Indonesia’s Coordinating Minister for Economic Affairs, Airlangga Hartarto, emphasized that the construction of the Saguling Floating Solar Plant is a tangible symbol of collaboration between Indonesia, international partners, and the private sector.
“This project is not just about generating solar power — it represents a shared global commitment to accelerate the transition toward clean energy while driving inclusive economic growth,” Airlangga stated during the investment signing ceremony in Jakarta, Tuesday, April 29, 2025.
The Indonesian government is also firmly committed to fostering a favorable investment climate for renewable energy development by reforming regulations, providing green investment incentives, strengthening public-private partnerships.
Strong International Support Fuels Acceleration
French Ambassador to Indonesia, Fabien Penone, reaffirmed France’s support for Indonesia’s renewable energy innovation through PROPARCO’s financing of the Saguling project.
Meanwhile, British Ambassador to Indonesia, Dominic Jermey, reiterated the UK’s commitment to strengthening its support for Indonesia’s energy transition.
As part of the International Partners Group (IPG), countries such as Canada, Denmark, France, Germany, Italy, Japan, Norway, and the European Union have pledged support for Indonesia’s JETP.
In 2025, Germany and Japan will assume leadership of the IPG, targeting the mobilization of up to US$20 billion in funding in partnership with the Glasgow Financial Alliance for Net Zero (GFANZ).
“We call on all stakeholders to continue strengthening collaboration and innovation on our journey towards a clean, sustainable, and just energy future for Indonesia,” Airlangga concluded. (MS Network)
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