Sunseap plans 2.2 GWp floating solar complex on Indonesian island
July 21 (Renewables Now) – Singapore-based solar developer and operator Sunseap Group Pte Ltd is offering to build a giant 2.2 GWp floating solar complex with battery storage on the Indonesian island of Batam.
The Singaporean company said on Wednesday it had signed a memorandum of understanding with Indonesia’s Batam Free Zone Authority Badan Pengusahaan Batam (BP Batam), providing for an investment of some $ 2 billion (1.7 billion euros). In addition to photovoltaic (PV) panels, the project also provides for the installation of an energy storage system with a capacity of over 4000 MWh.
The floating solar park is expected to be built on the Duriangkang Reservoir in Batam, covering a water area of 1,600 hectares (3,954 acres). When completed, it is expected to generate more than 2,600 GWh of electricity per year, part of which will be consumed on the island and the rest potentially exported to Singapore via an undersea connection.
Construction is scheduled to start next year, with commissioning scheduled for 2024.
Sunseap intends to finance the project through a mixture of bank loans and internal resources.
“We believe that floating solar systems will go a long way in solving the land constraints that urbanized regions of Southeast Asia face in harnessing renewable energy,” said Frank Phuan, co-founder and CEO of Sunseap.
Earlier this year, Sunseap commissioned a 5 MWp floating offshore solar panel in the Straits of Johor, between Peninsular Malaysia and Singapore.
(USD 1.0 = EUR 0.850)