Equis signs PPAs for 42 MW in Indonesia
Equis Energy has signed PPAs with utility PT PLN to develop 42 MW of solar
capacity at multiple locations, including what will be the largest PV
project in Indonesia.
The Singapore-based developer will develop a 21 MW solar project in North
Sulawesi province. It will be the largest solar installation in the country
upon completion. Equis will also build three 7 MW projects in Lombok, in
West Nusa Tenggara province. Those installations will be set up at
undisclosed locations in the eastern and central parts of the island.
Construction of the projects will begin before the end of this year, with
commercial operations scheduled to start at some point in 2018. Together,
the four PV installations will generate 68.7 GWh of electricity per year, or
enough for roughly 51,000 homes, according to an online statement
Equis is currently developing 337 MW of solar in Indonesia, in addition to
840 MW of wind capacity. The renewables-focused IPP owns 4.4 GW of capacity
at 97 sites throughout Australia, India, Indonesia, Japan, the Philippines,
Taiwan and Thailand. It is developing a total of 6.7 GW of renewables
throughout the region.
The company has announced a number of large-scale solar projects in several
of those markets this year. In February, it revealed plans to invest A$400
million ($317.9 million) in 200 MW of PV capacity in Queensland and South
Australia. In May, it selected EPC partners for a 13.7 MW solar project it
is developing in Japan's Aomori prefecture. And in August, it obtained
approval to develop a massive 1 GW solar farm in Queensland.
Indonesia offers enormous solar potential, but development has yet to truly
take off, with just 80 MW installed by the end of 2016, according to the
International Renewable Energy Agency (IRENA). Most of that capacity was
built last year, although the government's policy framework for solar
development has thus far been characterized by a lack of certainty and
stability, prompting developers such as Equis to directly negotiate PPAs
with PT PLN.
Last week, Global Green Growth Institute (GGGI) and the Indonesian Ministry
of Planning (Bappenas) began accepting proposals to develop at least two
solar, biomass or energy-efficiency projects in the country. Japanese
trading firm Itochu also unveiled plans last week to install 507 kW of PV on
top of a new mall in Jakarta, backed by an unspecified battery storage
system.
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Link to Original Article:
https://www.pv-magazine.com/2017/09/04/equis-signs-ppas-for-42-mw-in-indones
ia/
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John Diecker
APT Consulting Group Co., Ltd.
www.aptthailand.com
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