Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTIndonesia's PLN opens tender for 168 MW of PV
Solar park in Indonesia. Author: Bart Speelman. License: Creative Commons. Attribution 2.0 Generic
June 5 (Renewables Now) - Indonesian state-owned utility PT PLN has opened tender procedures for the addition of 168 MW of solar power capacity in Sumatra, in support of the country’s target for a 23% renewables share by 2025.
The tender has so far attracted interest from 116 parties, the Jakarta Post said Monday, citing PLN’s corporate planning director Nicke Widyawati. Power purchase agreements (PPAs) with selected bidders are to be signed within the next five to six months.
PLN’s power procurement plan for 2017-2026 envisages the addition of 632 MW of renewable energy capacity this year, with nearly half to be geothermal. The company intends to hold tenders for renewables on a regional basis.
According to the Jakarta Post, in 2026 PLN will buy 21,560 MW of electricity from renewable energy sources, about 58% of which will be from hydropower plants.
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