The JV, 49%-held by PT Sembcorp Renewables Indonesia and 51%-held by PT PLN Nusantara Renewables, will supply power to state-owned utility provider PT PLN (Persero), which has committed to a 25-year power purchase agreement (PPA) to offtake the electricity generated by the project.
Sembcorp Industries (SGX:U96
) has announced that its wholly-owned subsidiary, PT Sembcorp Renewables Indonesia, has formed a joint venture (JV) with PT PLN Nusantara Renewables, a 99%-owned subsidiary of PT PLN Nusantara Power, to build and develop a utility-scale integrated solar and energy storage project in Indonesia.
The large-scale integrated project will comprise a battery energy storage system with 50 megawatts (MW) of solar and 14 megawatt hours (MWh) of battery energy storage capacity in Nusantara.
