{"data":{"news":{"items":[{"title":"Masdar to develop Southeast Asia’s largest floating solar plant in Malaysia","date":"2026-01-07 01:57:17","id":6130,"author":"","blurb":"","blurb_image_uid":"https://dxfpracgmlczp.cloudfront.net/2026/01/1767760932475_Project-Chereh-Announcement-1016-x-458-Web.jpg","blurb_expanded_image_uid":null,"article":"\n\t\n\n\n

UAE-based renewable energy company Masdar has announced its first project in Malaysia, with the signing of a power purchase agreement to develop a 200 MW floating solar photovoltaic (PV) plant at the Chereh Dam in Pahang state.

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This project will be developed by a consortium led by Masdar, together with Malaysian partners Citaglobal and Tiza Global. The agreement was signed with Tenaga Nasional Berhad, Malaysia’s national utility company.

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Once operational, the 200 MW Chereh Dam plant is set to become the largest floating solar project in Southeast Asia, said Masdar. Occupying approximately 950 acres, the facility will have a generation capacity of more than 300 MWp (200 MWac), enough to power the equivalent of over 100,000 homes.

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Malaysia has targeted increasing the share of renewables in its national energy mix to 35% by 2030, and floating solar is expected to play a key role in achieving these goals. The Chereh Dam project is estimated to cost more than US$208 million.

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“This milestone project, our largest floating solar development globally and our inaugural project in Malaysia, reaffirms Masdar’s expertise in floating solar and our position as a trusted partner across the region,” said Mohamed Jameel Al Ramahi, CEO of Masdar. “By leveraging our experience in delivering utility-scale solutions worldwide, we can provide affordable, secure clean energy to the Malaysian people. We look forward to working closely with Citaglobal, Tiza Global and the Government of Malaysia to help deliver the country’s ambitious renewable energy roadmap.”

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The Chereh floating solar plant will be the inaugural project of the 10 GW renewable energy roadmap agreed between Masdar and the Malaysian Investment Development Authority (MIDA) in 2023. Masdar is also progressing a feasibility study for a major floating solar installation at the Murum reservoir in Sarawak, in collaboration with Sarawak Energy and Gentari. This project would further boost Malaysia’s renewable capacity and support key national strategies including the National Energy Transition Roadmap and the New Industrial Master Plan 2030.

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A core pillar of the project is Masdar’s commitment to working closely with Malaysian authorities and local stakeholders throughout development, construction and operations. These partnerships, such as the site agreement signed with Pahang Water & Energy Resources, are designed to ensure seamless execution, strong local integration and long-term continuity beyond commercial operation date, reinforcing the project’s role as a durable national asset.

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According to Masdar, the project will deploy state-of-the-art floating solar technology specifically designed to address the unique shape and characteristics of the Chereh Dam, optimising performance, resilience and long-term operational efficiency. The development will be financed through a non-recourse project finance structure, with participation from international lenders, reflecting strong market confidence in the project’s fundamentals.

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PT PLN (Persero), Indonesia’s state-owned electricity company, has signed two agreements with UAE’s renewable energy developer Masdar to advance the development of floating solar power projects in Indonesia.

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The companies signed a memorandum of understanding (MOU) to build a floating solar power plant at the Jatigede Dam reservoir in West Java. It is due to start this year, with completion scheduled for 2027.

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Masdar and PLN also signed a ‘Principles of Agreement’ to explore the potential expansion of Masdar’s 145-MWac Cirata floating photovoltaic power plant, the first phase of which began operations in November 2023.

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Both agreements will contribute to Indonesia’s goal of achieving net-zero emissions by 2050. Last year, Indonesian President Prabowo Subianto announced plans to add over 75 GW of renewable energy capacity in the next 15 years as part of the country’s shift to a low-carbon economy. In February, the government established a new strategic investment management agency, Danantara Indonesia, designed to manage and enhance the global competitiveness of key state-owned enterprises, including PLN.

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“The Jatigede project will be a strong addition to our collaboration with PLN and its development, along with the expansion of our already record-breaking Cirata project, will enable us to build on our expertise in developing floating solar projects. These agreements also demonstrate our continuing commitment to supporting Indonesia’s ambitious renewable energy objectives,” said Mohamed Jameel Al Ramahi, CEO of Masdar.

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“PLN is fully committed to leading Indonesia’s energy transition. These collaborations are a testament to the shared global effort needed to address the climate crisis. By expanding our renewable energy capacity, we’re reducing fossil fuel dependence, enhancing energy sustainability, and strengthening energy sovereignty while driving economic growth,” said Darmawan Prasodjo, president director of PT PLN (Persero).

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Indonesia, the world’s largest archipelago with more than 17,000 islands and over 600 natural lakes and reservoirs, offers ideal conditions for the growth of floating solar power. Masdar’s Cirata project began operations in 2023, with the plant now generating enough renewable energy to power 50,000 homes, while displacing 214,000 t of carbon emissions per year.

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Following regulatory changes increasing the proportion of water coverage allowed for renewable energy usage, Masdar and PLN signed an agreement in 2023 to work on jointly assessing the increase of Cirata’s capacity. This latest agreement follows the successful completion of studies into the feasibility of the expansion.

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The UAE-based clean energy developer Masdar has signed a memorandum of understanding (MOU) with Pertamina Power Indonesia for the development of solar, wind and green hydrogen projects in Indonesia and abroad.

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At the same time, Masdar has signed a joint development study agreement with PLN Nusantara Power for Cirata Phase II to triple capacity by up to 500 MW, following the 2023 launch of the initial 145 MW phase of the floating PV project – the largest of its kind in the region.

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Masdar has also received approval to proceed towards developing up to 2 GW of renewable energy in Nusantara, Indonesia’s future capital city, starting with 200 MW as phase 1. This follows a proposal by Masdar to meet the city’s energy needs by 2045, using solar and wind projects.

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“Indonesia is committed to making our new capital city of Nusantara as a city that prioritises sustainability. We welcome Masdar’s plan to develop 200 MW of renewable energy plant for the city,” said Bambang Susantono, chairman of Nusantara Capital City Authority.

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“We also appreciate Masdar’s further commitment on renewable energy up to 2 GW to support the fulfilment of renewable energy needs by 2045. Prioritising solar and wind energy positions the new capital as a model eco-city thriving on clean energy. This can be a future testament on how urban centres can be developed in harmony with nature.”

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Indonesia and Southeast Asia are key investment destinations for Masdar. The company has developed the region’s largest floating solar facility in Indonesia – the 145 MW Cirata Floating Solar PV plant – which will generate enough electricity to power 50,000 homes. In February 2023, it entered the geothermal energy sector through a strategic investment in Pertamina Geothermal Energy.

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Masdar, one of the world’s leading renewable energy companies, and PT PJBI, a subsidiary of Indonesia’s state-owned electricity company PT PLN, announced today (3 Aug) that financial close has been achieved on the Cirata Floating Photovoltaic Power Plant project and construction work has commenced.

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The 145-MWac facility, Indonesia’s first floating solar power plant, is being developed by PT Pembangkitan Jawa Bali Masdar Solar Energi (PMSE), a joint venture between Masdar and PT PJBI. It is scheduled to begin commercial operation in the fourth quarter of 2022.

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“The Ministry of Investment fully supports the investment realisation of the Cirata Floating Solar Project by PT PJBI and Masdar. This is a flagship project of the UAE’s investment in Indonesia, and most importantly, it is in line with the Indonesian government target in renewable energy mix of 23% by 2025,” said Bahlil Lahadalia, Indonesia’s Minister of Investment and chairman of the Indonesia Investment Coordinating Board.

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“This project represents the UAE’s first investment in Indonesia’s renewable energy sector, and we look forward to further collaboration between our countries, as we leverage our natural resources to build a more sustainable future.”

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“Reaching this historic milestone demonstrates the strength of the relationship between Indonesia and the United Arab Emirates,” said Abdulla Salem Al Dhaheri, ambassador of the United Arab Emirates to Indonesia and the ASEAN region. “The UAE is committed to promoting and investing in clean energy projects around the world, and to taking positive action on climate change. We stand together with Indonesia on driving sustainable development and we will continue to support the nation’s clean energy transition.”

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The new floating solar plant, set to be among the largest in the world, is being built on the Cirata reservoir in the West Java Province. When completed, it will provide enough electricity to power 50,000 homes and will offset 214,000 t of carbon dioxide emissions per year.

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According to Masdar, the construction of the facility will also contribute to the creation of up to 800 jobs. Throughout the development of the project, the company has conducted a series of social initiatives, raising awareness on sustainability issues and strengthening local community engagement.

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“This achievement would not have been possible without the constant support of the government of Indonesia, our lenders, and our strategic partnership with PJBI and PT PLN, who have been with us on every step of our journey,” said Mohamed Jameel Al Ramahi, CEO of Masdar. “The designation of this project as a National Strategic Project (PSN) has been invaluable in enabling us to make such significant progress, and demonstrates that the government recognises the economic and social benefits the Cirata project will bring to the local community and to all of Indonesia.”

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“This floating power project is a first for Indonesia, and is also a significant step in PJBI’s renewable energy journey,” added Amir Faisal, president director of PJBI. “We see tremendous potential for similar projects in Indonesia and we look forward to continuing our fruitful collaboration with Masdar to work on more renewable energy projects and help our nation achieve its clean energy objectives.”

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Indonesia, the world’s largest archipelago nation, is targeting 23% of its energy mix coming from renewables by 2025 under its Electricity Infrastructure Acceleration Program. The government also recently announced that it aims to increase the proportion of renewable power in its 2021-2030 national electricity plan to at least 48%, from 30% in its previous plan.

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Image: Masdar

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