Indonesia’s state investment management agency Danantara has signed a head of agreement with state-owned utility PT PLN to explore investments in renewable energy-based power projects, supporting the country’s energy transition and long-term power security.
The cooperation will focus on potential investments in renewable energy projects developed and managed by PLN subsidiaries, including PLN Nusantara Renewables and PLN Indonesia Power Renewables. Renewable energy has been identified by Danantara as a priority sector due to its economic multiplier effects, environmental benefits, and role in job creation and public health improvement.
The initiative aligns with Indonesia’s Electricity Supply Business Plan (RUPTL) 2025–2034, under which the country plans to add around 70 GW of new power generation capacity over the next decade, with approximately 76 per cent sourced from renewable energy. PLN estimates that investments of around IDR600 trillion will be required to develop an additional 20 GW of power capacity.