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.
