Home » Masdar Signs Strategic Agreements for Renewable Energy Projects in Indonesia 

Masdar Signs Strategic Agreements for Renewable Energy Projects in Indonesia 

by Madaline Dunn

Abu Dhabi Future Energy Company PJSC – Masdar recently signed strategic agreements for new renewable energy projects in Indonesia on the sidelines of the 10th World Water Forum in Bali. 

This included a Memorandum of Understanding (MoU) with Pertamina Power Indonesia for the development of solar, wind and green hydrogen projects in Indonesia and abroad, building on Masdar’s existing partnership with the company through Pertamina Geothermal Energy.

The company also signed a Joint Development Study Agreement with PLN Nusantara Power for Cirata Phase II to triple capacity by up to 500MW. 

This comes following the 2023 launch of the initial 145MW phase of the innovative floating PV project– the largest of its kind in the region.

Further, Masdar received approval to proceed towards developing up to 2GW of renewable energy in Nusantara, starting with 200 megawatts as phase 1, in Indonesia’s new capital city. 

This follows a proposal by Masdar to meet the city’s energy needs by 2045 using solar and wind projects.

The agreements were signed by Masdar’s Director of Development & Investment, Abdulla Zayed, the Chief Executive Officer of Pertamina Power Indonesia, John Anis, President Director of PLN Nusantara Power, Ruly Firmansyah, and Agung Wicaksono, Deputy Chair of Funding and Investment, Nusantara Capital City Authority.

Mohamed Jameel Al Ramahi, Masdar’s Chief Executive Officer, commented: “The UAE remains firmly committed to advancing Indonesia’s energy sector through a focus on renewables. In line with the UAE Consensus reached at COP28, Masdar is dedicated to forging partnerships that unlock transformative solutions for clean energy access. Our joint efforts will catalyze investments in green hydrogen, solar and wind to position Indonesia as a regional leader in the global energy transition.”

John Anis, Pertamina NRE’s CEO, said: “Pertamina has a key role in Indonesia’s energy transition and ambition to expand globally, while Masdar owns a reputable experience in the renewable energy development. I believe together we will create more value and contribute more to combat global climate issues and strengthening the collaboration between UAE and Indonesia.”

Ruly Firmansyah, President Director of PLN Nusantara Power, added: “This strategic alliance combines our expertise to unlock the nation’s vast solar potential. This partnership underscores our commitment to Indonesia’s clean energy targets and net-zero goals. We look forward to collaborating with Masdar to deliver a greener, more sustainable future.”

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