ENERGY TRANSITION THROUGH CIRATA FLOATING SOLAR POWER PLANT PROJECT: A CASE STUDY OF JOINT INVESTMENT COLLABORATION AND BILATERAL PARTNERSHIPS

Abstract

The process of developing and energy innovation is rapidly increasing within the environmental sustainability aspect based on SDGs such as the Cirata power plant. Nourishing partnership is indispensable in order to achieve a transformation until completely amended alongwith variety of aspects. This project includes environment, economy, and social value according to 17 SDGs. As a global commitment contained in the Paris Agreement regarding climate change, the construction of the Cirata solar power plant is realized as a form of energy transition by decarbonizing alternative electrical energy which not only benefits the economic sector but also has a positive impact on the commitment to developing ecosystems and a sustainable green environment. Having a partner who has the ability to make solar power plants in Indonesia into reality is very important because it will accelerate the transition of clean energy as well as increasing the social welfare and economy of the local community. ESDM, BUMN, PR PLN Persero, and Masdar from UAE are involved in the development of Citara Solar Power Plant. Their collaborative effort exemplifies the importance of strategic partnerships in fostering sustainable development and combating climate change. This partnership also contributes to improving the welfare of local communities. Through job creation, technology transfer and local capacity development, the project supports inclusive and sustainable economic growth. With support from various parties, PLTS Cirata stands as a model for other renewable energy projects and shows how strategic partnerships can drive sustainable development and positive change on a global scale.