Solar power is one of the cheapest sources of new energy capacity around the world. While declining costs and increasing efficiency make solar integral to achieving net zero emissions, this land-intensive technology often displaces cropland and managed forests. Floating solar projects can change that.
Standard Chartered is proud to finance projects like the Cirata Floating Photovoltaic Power Plant—a 145 MWac floating solar project in West Java, Indonesia. Once completed, Cirata will be one of the largest floating solar project in Southeast Asia, generating enough electricity to power 50,000 homes and offset 214,000 tons of CO2 emissions. It will also create up to 800 jobs.
Industries in Transition
With topics around urban transformation, energy transition, the future of transport and critical infrastructure across Asia, Africa and the Middle East, this content series will unearth fresh trends and showcase how we are supporting clients in the transition towards a more sustainable and inclusive future.