Singapore-based Green Era Private Limited, a renewables investment firm, has completed the acquisition of a minority stake in Indonesia-based Star Energy Group Holdings Private Limited, a geothermal company, in a deal valued at USD 440 million.
Green Era has purchased 250,801 shares that represent 33.33 per cent interest in the company. The remaining 66.67 per cent stake is held by PT Barito Pacific Tbk.
Star Energy owns geothermal energy plants in Indonesia with a combined capacity of 875 MW. The portfolio includes the Wayang Windu, Salak and Darajat geothermal power plants.