Up to $10 billion deal in Indonesia: Saudi Arabia’s ACWA Power has signed a memorandum of understanding (MoU) with Badan Pengelola Investasi Daya Anagata Nusantara (Danantara Indonesia), Indonesia’s 2nd sovereign wealth fund, to explore the renewable energy market of the Southeast Asian nation. Under the MoU, both entities will invest in renewable energy generation, including solar, combined cycle gas turbines, green hydrogen, and water desalination projects. ACWA Power has also entered a separate agreement with Indonesia’s state-owned oil and gas corporation PT Pertamina. This agreement encompasses the joint development of a combined 500 MW of renewable energy and gas-to-power projects, new electricity tenders, green hydrogen, and operation and maintenance business lines.
“With a total project funding of up to USD 10 billion, this partnership will help Indonesia in achieving its target of a 34 per cent mix of renewables in its total energy mix by 2034 and 87 per cent by 2060, signalling a vast potential to become a clean energy leader in the coming years,” stated ACWA Power. In May this year, ACWA Power and PLN Indonesia Power’s jointly developed 92 MW Saguling Floating Solar PV Plant in Indonesia raised $60 million in financing (see Asia Pacific Solar PV News Snippets: 63 MW New Zealand Solar Project Online & More).
Queensland solar & storage farm gets green light: The Hookey Creek Solar Farm with 100 MW PV and 200 MW battery energy storage system (BESS) with up to 8 hours of storage capacity in Queensland’s Gympie has secured the green signal from Australia’s federal government. It will be connected to the state’s SuperGrid via underground cables with energy traded on the National Electricity Market (NEM). It will be located on predominantly cleared land so that it can be used for agricultural activities on site, including sheep grazing. Proposed by ZEN Energy Future, the government cleared the project within 17 days.
14 MW DC commissioned in Japan: Brookfield-backed Spanish renewable energy projects developer X-ELIO has commissioned its 14 MW DC/10 MW AC Funaki Solar PV Plant in Japan. Located in Ube, Yamaguchi Prefecture, on the site of a former golf course, the project will produce 18,686 MWh of clean energy annually. It is contracted to supply 100% of the solar energy generated to Amazon under a 20-year power purchase agreement (PPA). X-ELIO says this project expands its solar projects portfolio in Japan to 393 MW. It has another 396 MW of solar PV and battery energy storage system (BESS) capacity in v stages of development in the country.
1.75 MW floating solar plant in Japan: Chubu Electric Power has completed the construction of a 1.75 MW floating solar power plant in Japan’s Toyoake City in Aichi Prefecture. The Toyoake Nigoriike Solar Power Plant is now online at Nigoriike agricultural reservoir. Power generated will be supplied to Fujita Gakuen School Corporation through Chubu Electric Power Miraiz Co., Ltd. It is expected to generate 2.94 million kWh annually.
Agreement for 100 MW in Pakistan: TCL Industries-backed TCL Photovoltaic Technology (TCL PV Tech) has entered a strategic distribution agreement with Integra Solar Pakistan. As the official distributor of TCL PV systems in Pakistan, Integra will distribute 100 MW capacity initially. “Pakistan's distributed PV market is growing at over 300% CAGR, yet supply chain uncertainty continues to challenge consistency,” said TCL PV Tech’s Director of Overseas Business Center, Tong. “This 100 MW alliance will deliver superior clean energy solutions to the local market.”
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