JAKARTA, INDONESIA / ACCESSWIRE / October 26, 2024 / In response to global climate change, to promote energy structure transformation, and to achieve sustainable economic and social development, the Indonesian government has officially launched the development of the floating solar power sector as part of its power station energy base project. The development agreement for this project has been signed by the Indonesian government and AquaVolt Solutions, a floating solar infrastructure company, with an investment of up to $200 million, aiming to drive the comprehensive growth of the national solar industry.
Signing the Green Energy Base Project Development Agreement
President Director PLN Nusantara Power of Indonesia, Ruly Firmansyah, personally attended and signed the development agreement. According to the agreement, the Indonesian government and AquaVolt Solutions will collaborate to develop a phased photovoltaic project with a total capacity of approximately 1,500 GW across 4,000 hectares of marine areas. This project will not only utilize advanced floating solar power generation technology but will also transmit all the generated electricity to Indonesia’s domestic grid to support the growing demand for green power and advance the government’s goal of achieving zero emissions by 2060.
At the signing ceremony, President Director Ruly Firmansyah stated, “The rapid development of Indonesia’s Green Energy Base Project will drive the low-carbon transformation of local power stations and contribute to the sustainable development of our economy and society, while also enhancing Indonesia’s power supply. This is a significant step towards achieving zero emissions and creating a better future for the next generation.”
Promoting Employment and Economic Development
The implementation of this floating power station is expected to create numerous job opportunities, not only during the construction phase but also by providing long-term employment for local residents during the operational phase. Additionally, approximately 70% of the construction work will be completed by local contractors, which will help enhance the competitiveness and economic vitality of local businesses.
According to the economic assessment by the Ministry of Energy, the project is expected to create nearly 1,000 jobs nationwide and generate over $500 million in potential economic output. Rashid bin Saeed, head of AquaVolt Solutions, remarked, “This collaboration is of profound significance to both parties, as it not only facilitates our business expansion in the Indonesian market but also contributes to Indonesia’s green energy transition.”
Driving Indonesia’s Energy Structure Transformation
The President Director PLN Nusantara Power of Indonesia stated that the successful implementation of the Green Energy Project will significantly reduce the country’s carbon emissions and lay the foundation for achieving the goal of zero carbon emission power generation by 2060. As the project progresses, Indonesia will secure a more prominent position in the global green energy sector and become a leader in power station energy development in the region.
With the support of international cooperation and technological advancements, the Indonesian government will continue to ensure that the solar industry plays an increasingly important role in the national energy structure through systematic policy support and infrastructure development.
The collaboration led by President Director Ruly Firmansyah between the Green Energy Agency and AquaVolt Solutions marks an important step for Indonesia in the field of renewable energy, making a positive contribution to the country’s sustainable development and the achievement of global climate goals.
Company Name: AquaVolt Solutions
Contact Person: Nick William
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SOURCE: AquaVolt Solutions
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