Indonesia’s sovereign wealth agency, BPI Danantara, is exploring a renewable energy investment partnership with Japan’s Mitsubishi Corporation.
The collaboration aligns with a previous memorandum of understanding (MoU) signed between Danantara and the Japan Bank for International Cooperation (JBIC) on Friday, July 11, 2025. Mitsubishi is particularly interested in geothermal energy projects.
Danantara's involvement in national strategic projects, especially in green energy, is expected to benefit key renewable energy issuers, such as:
PT Pertamina Geothermal Energy (PGEO) – Poised to sign a Head of Agreement with Danantara for priority investment projects. PGEO is projected to generate a full-year 2025 profit of US$132–138 million (Rp2.25 trillion);
PT Arkora Hydro (ARKO) – Recently established two new subsidiaries to expand hydroelectric capacity and prepare for future energy projects. ARKO also plans acquisitions and tech-driven efficiency improvements;
PT Barito Renewables Energy (BREN) – Currently expanding geothermal capacity through five major projects in West Java with US$365 million investment. BREN has already achieved a 38 percent geothermal market share in Indonesia, operating 886 MW of installed capacity.
The government aims to boost strategic projects in renewable energy to achieve national energy self-sufficiency and low-carbon development.
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