Indonesian energy listed company PT Futura Energi Global Tbk (FUTR) has signed a Memorandum of Understanding (MoU) with China's Zhejiang Energy Photovoltaic Technology Co., Ltd. and Indonesia's PT Hypec International, planning to jointly build a 130 MW rooftop solar power plant (PLTSA). The transaction value is still under further discussion.
The President Director of FUTR stated that this is FUTR's first project in the renewable energy sector, aligning with the government's target of achieving net-zero emissions by 2060. The project is financially supported by Zhejiang Energy, while PT Hypec is responsible for Engineering, Procurement, and Construction (EPC), and PT Hypec has relevant project experience in Indonesia.The project will be implemented in phases in Bali, and FUTR is coordinating with local authorities to determine construction sites that align with spatial planning and local needs. FUTR will establish a dedicated subsidiary to operate the solar power plant. The target is to complete documentation, feasibility studies, and permit approvals by the first half of 2026, followed by the construction phase. Investments will be adjusted in accordance with the Presidential Regulation on accelerating renewable energy development.
Indonesian energy listed company PT Futura Energi Global Tbk (FUTR) has signed a Memorandum of Understanding (MoU) with China's Zhejiang Energy Photovoltaic Technology Co., Ltd. and Indonesia's PT Hypec International, planning to jointly build a 130 MW rooftop solar power plant (PLTSA). The transaction value is still under further discussion.
The President Director of FUTR stated that this is FUTR's first project in the renewable energy sector, aligning with the government's target of achieving net-zero emissions by 2060. The project is financially supported by Zhejiang Energy, while PT Hypec is responsible for Engineering, Procurement, and Construction (EPC), and PT Hypec has relevant project experience in Indonesia.The project will be implemented in phases in Bali, and FUTR is coordinating with local authorities to determine construction sites that align with spatial planning and local needs. FUTR will establish a dedicated subsidiary to operate the solar power plant. The target is to complete documentation, feasibility studies, and permit approvals by the first half of 2026, followed by the construction phase. Investments will be adjusted in accordance with the Presidential Regulation on accelerating renewable energy development.