Danantara Indonesia and PLN Explore Renewable Energy Investment Opportunities to Create Green Jobs and Clean Energy
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Jakarta, 22 Desember 2025 - Danantara Indonesia, through Danantara Investment Management (DIM), signed a Head of Agreement (HoA) with PT Perusahaan Listrik Negara (Persero) (PLN) to accelerate the development of renewable energy in Indonesia. Through this strategic partnership, DIM will explore investment opportunities in renewable-based power plant projects developed through PLN subsidiaries, namely PLN Nusantara Renewables (PLN NR) and PLN Indonesia Power Renewables (PLN IPR).
As a sovereign fund with a dual mandate, Danantara Indonesia invests to drive economic growth while creating sustainable social impact. In line with the challenges of climate change and the need for a transition to a cleaner energy system, the development of renewable energy is one of Danantara Indonesia's priority investment sectors. This sector is considered to have a significant multiplier effect on environmental protection, improving public health, strengthening national energy security, and creating green jobs.
As the national electricity provider that prioritizes sustainability, PLN's vision aligns with promoting energy transition in Indonesia. Various steps have been taken by PLN to gradually and measurably increase the capacity of new renewable energy power plants. These efforts are in line with Indonesia's need to strengthen its clean energy mix and reduce emissions as stipulated in PLN's 2025-2034 Electricity Supply Business Plan (Rencana Usaha Penyediaan Tenaga Listrik /RUPTL).
Pandu Sjahrir, Chief Investment Officer of Danantara Indonesia, stated that Danantara Indonesia is a strategic investment institution with a long-term orientation. Additionally, the collaboration plays an important role in Indonesia's goal of achieving energy self-sufficiency and addressing the increasingly urgent issue of climate change. "Danantara Indonesia is committed to supporting the development of Indonesia's future energy through investments that focus not only on financial returns but also on sustainability for future generations. New and renewable energy is a key sector in ensuring a healthier, cleaner, and more sustainable energy system. The signing of this HoA marks the beginning of exploring significant strategic investment needs, promoting the development of reliable renewable energy, and strengthening Indonesia's position in energy self-sufficiency, green transformation, and addressing the climate change conditions we are experiencing together," he said.
Meanwhile, Darmawan Prasodjo, President Director of PLN, emphasized that energy transition requires close collaboration and sustainable financial support. "Energy transition cannot be done alone. Strong collaboration and solid, sustainable financial support are needed. The presence of Danantara Indonesia strengthens PLN's efforts to develop renewable energy in a more structured manner, while ensuring that the green projects outlined in the RUPTL can be implemented on time and provide long-term benefits for the community and the national electricity system," said Darmawan.
The RUPTL set out plans to add 70 GW of new power generation capacity, with around 76 percent of this coming from renewable energy. Through this partnership, Danantara Indonesia and PLN will combine their investment capabilities and operational expertise in the electricity sector, thereby enabling the national renewable energy target to be achieved more optimally. In the projected addition of 20 GW of power plant capacity, PLN estimates that the total investment will reach IDR600 trillion, equivalent to USD 36 billion.
Pandu Sjahrir also emphasized the importance of coordinated execution and cross-institutional collaboration in accelerating the development of renewable energy. "Collaboration with PLN enables alignment between investment capabilities and operational readiness in the electricity sector. Through Danantara Indonesia's role as a strategic investment institution, we not only provide financing but also play an active role in identifying and helping to overcome various project development challenges, providing competitive access to capital, and supporting the creation of green jobs. With this approach, we want to ensure that renewable energy development can proceed in a more structured, timely, and integrated manner with the needs of the national electricity system," he concluded.
The HoA signing was an initial stage of a plan to explore investment cooperation between Danantara Indonesia and PLN. Further details regarding the form and structure of the investment will be announced in due course in accordance with applicable laws and regulations and the results of due diligence conducted by the parties.
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About Danantara Indonesia
Danantara Indonesia, officially known as Badan Pengelola Investasi Daya Anagata Nusantara (BPI Danantara), is a strategic investment management institution established under Law No. 1 of 2025. As an independent entity under the President, Danantara Indonesia's mandate is to manage and optimize government investments and assets from State-Owned Enterprises (SOEs) in order to support the achievement of the Asta Cita vision, strategic national plans, as well as government programs to accelerate industrialization and economic growth. With a professional, transparent, and accountable approach, Danantara Indonesia aims to strengthen the governance of state assets, create added value for the economy while increasing Indonesia's competitiveness in the global market.
For further information, please contact:
Communications Team
Danantara Indonesia
media@danantaraindonesia.com