Floating solar farms in Indonesia?

Indonesia cuts the ribbon on a project called Cirata, a massive floating solar plant in West Java built on a reservoir.

Future Money
November 13, 2023

Indonesia cuts the ribbon on a project called Cirata, a massive floating solar plant in West Java built on a reservoir.

Perusahaan Listrik Negara (PLN) – State-owned electricity company operating the Cirata plant.
Masdar – Abu Dhabi government-owned renewable energy company partnering in the Cirata plant.

President Joko Widodo of Indonesia, has officially opened the Cirata floating solar plant in West Java.
The plant, located about 100 kilometers west of Jakarta, is part of Indonesia's strategy to leverage reservoirs for renewable energy generation.
President Jokowi said the Cirata plant is a significant step in realizing the country's large-scale renewable energy ambitions.
The floating solar concept is gaining traction globally, especially in countries with limited available land or those facing opposition to onshore developments.
Cirata's initial capacity surpasses existing Southeast Asian sites, and there are plans to expand it to the maximum allowed 500 megawatts.

Cirata's initial capacity is larger than other operating sites in Southeast Asia.
Indonesia aims for 20% of reservoir areas to be used for renewable energy, potentially generating up to 262 gigawatts from approximately 248 reservoirs.
Sunseap Group proposes a 2.2-gigawatt floating solar plant on Batam Island, and Reposttren Holdings plans a 2-gigawatt facility in West Java.
Indonesia envisions achieving net zero by 2060 as part of its commitment to accelerating the energy transition.

Interestingly, solar panels are making up an ever growing portion of silver demand, which has risen from 5%-14% of total silver demand in the space of 9 years. Sprott sees silver delivering “considerable pressure” on the silver market in the next decade.
Indonesia aims to achieve net zero emissions by 2060