Barito Renewables
Barito Renewables, listed on IDX as BREN, is Indonesia's largest geothermal producer through subsidiary Star Energy Geothermal, operating 886 MW across Salak, Darajat, and Wayang Windu plants plus a 75 MW wind farm, selling baseload electricity to PLN under long-term PPAs.
- Company typePublic
- Founded2023
- HeadquartersJakarta, Indonesia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Barito Renewables does
Barito Renewables, listed on the Indonesia Stock Exchange (IDX: BREN) since October 2023, is the renewable energy arm of Barito Pacific Group and operates as a holding company focused on geothermal and wind power generation in Indonesia. Through its core subsidiary Star Energy Geothermal Group, the company is Indonesia's largest geothermal producer with 886 MW of installed capacity across three West Java fields - Salak (~377-381 MW), Darajat (~271-275 MW), and Wayang Windu (230.5 MW) - plus the 75 MW Sidrap wind farm in South Sulawesi acquired in 2024. The company is executing a multi-year expansion targeting 1,900 MW of operating capacity by 2032, including US$365 million of Star Energy Geothermal expansion projects (binary cycle, single flash, and retrofits) and a 320 MW wind pipeline developed jointly with ACEN.
Barito Renewables firmographics
Firmographics- Name
- Barito Renewables
- Legal name
- PT Barito Renewables Energy Tbk
- Website
- https://baritorenewables.co.id
- Company type
- Public
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Barito Renewables, listed on IDX as BREN, is Indonesia's largest geothermal producer through subsidiary Star Energy Geothermal, operating 886 MW across Salak, Darajat, and Wayang Windu plants plus a 75 MW wind farm, selling baseload electricity to PLN under long-term PPAs.
- Ownership category
- akta.pro rank
Barito Renewables industry classification
Industry- Product category
- Renewable Power Generation
- NAICS
- Geothermal Electric Power Generation (221116), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Engines & Turbines (3510)
- akta.pro primary industry
- Geothermal Equipment & Component Manufacturing (Turbines, Heat Exchangers, Pumps, ORC Units) (EUAMAEAI)
- akta.pro secondary industry
- Geothermal Turbines & Power Island Equipment (IMAHAFAI)
Keywords
Where Barito Renewables is headquartered
LocationHeadquarters
- HQ city
- Jakarta
- HQ country
- Indonesia
- HQ region
- Asia
Offices1 record
Markets served
Barito Renewables business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Geothermal Electricity Sales: Sale of electricity generated from geothermal power plants through long-term Power Purchase Agreements (PPAs) with PLN (Indonesian state electricity company) and PT Pertamina Geothermal Energy. Revenue from Salak, Darajat, and Wayang Windu geothermal plants.
- Renewable Energy Certificates (RECs): Sale of Energy Attribute Certificates (EACs) to corporate customers allowing them to claim their electricity usage comes from renewable sources. Issued to companies like PT Johnson & Johnson Indonesia for their operations.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Barito Renewables product offering
Product offeringCore offering
Barito Renewables is a holding company operating as Indonesia's largest geothermal energy producer, generating and selling electricity from its subsidiary Star Energy Geothermal Group's power plants (Salak, Darajat, Wayang Windu totaling ~886 MW) and the Sidrap wind farm (75 MW) under long-term Power Purchase Agreements with PLN. The company also sells Renewable Energy Certificates (RECs) directly to corporate customers to support their sustainability and net-zero commitments.
Product overview
Barito Renewables is a holding company and Indonesia's largest geothermal energy producer, operating through its subsidiary Star Energy Geothermal Group. The company offers a portfolio of geothermal and wind power generation assets, including three operational geothermal plants (Salak, Darajat, Wayang Windu) totaling approximately 886 MW installed capacity, the Sidrap wind farm (75 MW), and multiple expansion projects targeting 1,900 MW by 2032. The product portfolio includes core power generation assets, binary cycle and retrofit technology upgrades, cloud-based AI operations, and strategic technology collaborations for geothermal development.
Differentiator
Problem solved
Functional benefit
Products and services
- Salak Geothermal Power Plant Geothermal power plant located in Sukabumi Regency, West Java, with approximately 377-381 MW installed capacity. Features binary cycle technology for the Salak Binary project. Sells electricity to PLN under long-term PPA.
- Darajat Geothermal Power Plant Geothermal power plant in Garut Regency, West Java, with approximately 271-274.5 MW installed capacity. Undergoing capacity expansion through retrofitting projects. Sells electricity to PLN under long-term PPA.
- Wayang Windu Geothermal Power Plant Geothermal power plant 40km south of Bandung, West Java, with 230.5 MW installed capacity. Under expansion to reach 400 MW through new unit development and retrofitting. Sells electricity to PLN under long-term PPA.
- Sidrap Wind Power Plant Indonesia's first and one of the largest wind power plants, located in South Sulawesi with 75 MW capacity. Acquired by Barito Renewables' subsidiary PT Barito Wind Energy in April 2024.
- Renewable Energy Certificates (RECs) Sale of Energy Attribute Certificates (EACs) to corporate customers allowing them to claim their electricity usage comes from renewable sources. Issued to companies such as PT Johnson & Johnson Indonesia for their operations.
Quantifiable outcome
- Capacity factor above 90% maintained throughout 2023
- +2 more outcomes
Companies that use Barito Renewables
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Barito Renewables technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature5 records
Barito Renewables partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered core and minor.
- SLB (formerly Schlumberger)corePartnership to advance geothermal development projects in Indonesia including the Sekincau project, with frameworks established for identifying future opportunities in North America. Leverages SLB's subsurface expertise and global execution capabilities for geothermal energy as key player in Indonesia's energy transition.
- SLB (formerly Schlumberger)coreTechnology collaboration agreement to accelerate advanced technologies for geothermal asset development. Combines Star Energy Geothermal's geothermal expertise with SLB's decades of experience developing energy sector technologies. Focus areas include subsurface characterization, drilling, and production optimization. Previously collaborated on fracture modeling technique and AI-optimized drilling.
- KyndrylcoreCloud transformation partnership using Microsoft Azure Cloud to integrate generative AI solutions. Kyndryl Bridge AI-powered platform enhances IT operations through automation and AIOps capabilities. Partnership since 2017 expanded to include SD-WAN implementation and unified communication systems upgrade.
- STiR EducationminorEducation collaboration through Bakti Barito Foundation to elevate teacher training and learning outcomes in Garut Regency, West Java. Two-year program empowering teachers and school principals, focusing on instructional leadership and professional learning communities. Aligns with Kurikulum Merdeka implementation.
- ACEN (Ayala Group)coreStrategic partnership to accelerate wind energy development in Indonesia. Barito Wind Energy (subsidiary) and ACEN Indonesia Investment Holdings collaborating on wind projects. ACEN already partner in Salak and Darajat Geothermal (663 MW). 51/49 joint ownership structure for Sidrap 2, Sukabumi, and Lombok wind development assets (320 MW potential).
- UPC RenewablesminorAcquisition of Sidrap wind farm (75 MW) from UPC Renewables Asia Pacific Holdings, ACEN Renewables International, UPC Renewables Asia III Limited, Sidrap (HK) Limited, and Sunedison Sidrap B.V.
- PT Fuji Electric IndonesiacoreSalak Units 4, 5, and 6 Retrofit project - replacing turbine rotors and diaphragms with advanced designs to boost efficiency and increase combined capacity by 7.2 MW.
- PT Mitsubishi Power IndonesiacoreDarajat Unit 3 Retrofit project - technological upgrades to enhance energy efficiency and increase capacity by 7 MW from 122 MW to 129 MW.
- Fuji Electric Co. Ltd.coreConsortium lead for Wayang Windu Unit 1 & 2 Retrofit project with PT Wasa Mitra Engineering. Technology upgrade to increase generation capacity by 18.4 MW.
- PT Inti Karya Persada TeknikcorePartner for Wayang Windu Unit 3 Expansion adding 30 MW to the geothermal field by optimizing existing surface facilities.
- JO PT Timas Suplindo and PT Rekayasa IndustricorePartners for Salak Unit 7 Expansion (additional 40 MW) leveraging the Salak Injection Realignment Program.
- PT Tripatra Engineers and Constructors and Ormat Pacific InccoreEPC consortium for Salak Binary Geothermal Power Plant - completed with zero fatalities and achieved 16.6 MW gross capacity versus planned 14.3 MW.
- Cornell UniversityminorWoman's Leadership Program - five-month program in collaboration with Cornell University's Ivy League faculty to support and empower women professionals at Star Energy Geothermal for higher leadership positions.
- Happy Hearts IndonesiaminorCollaborative school reconstruction effort for earthquake-devastated schools in Garut Regency. Using innovative recycled plastic bricks, targeting 220 students across SDN 3 and SDN 4 Barusari.
- KitabisaminorDigital fundraising platform partner for school reconstruction campaign targeting Rp 1.4 billion with earthquake-resilient building materials.
- PT Pertamina Geothermal EnergycoreJoint Operation Contract partner for geothermal development at Salak, Darajat, and Wayang Windu fields under JOC contract structure.
Scale indicators13 records
Recent moves8 records
Expansion highlights6 records
Barito Renewables competitors and assessment
Company assessmentBroad incumbents
- ACWA Power: Saudi-listed IPP and renewable energy developer with global footprint across solar, wind, and geothermal. Comparable as a long-term PPA-driven power producer in emerging markets, though much broader in technology and geography.
- Engie: French multinational utility with significant geothermal and renewable energy operations globally. Comparable as a long-term contracted renewable utility, though far larger and more diversified across conventional and renewable generation.
- Iberdrola: Spanish global utility with one of the world's largest renewable energy portfolios. Comparable as a long-term contracted renewable utility with growth pipeline, though diversified across multiple technologies and geographies.
- Enel Green Power: Global renewable energy developer and operator (subsidiary of Enel) with geothermal, wind, solar, and hydro assets. Comparable as a diversified renewable IPP with long-term offtake structures, though with vastly larger scale and European/emerging-market geographic mix.
Direct peers
- Ormat Technologies: Global geothermal equipment manufacturer and IPP operator with binary cycle / ORC technology. Highly comparable as it both manufactures geothermal turbines and operates power plants, mirroring Barito's combined proprietary technology and IPP model.
- PT Pertamina Geothermal Energy: Indonesia's other major geothermal producer and Barito's JOC partner at Salak, Darajat, and Wayang Windu. Operates ~1.9 GW of geothermal capacity and is the most directly comparable Indonesian geothermal utility on the same PLN offtaker structure.
Emerging players
- Supreme Energy: Indonesian geothermal developer focused on exploration and development of greenfield geothermal fields (e.g., Rajabasa, Rantau Dedap). Comparable in product (Indonesian geothermal PPAs with PLN) but at a smaller, earlier-stage scale.
Regional players
- Contact Energy: New Zealand-listed integrated renewable generator with geothermal as a core baseload source (~1 GW). Comparable business model — geothermal baseload + renewable diversification with regulated/long-term contracts — but in a developed OECD market.
- First Gen Corporation: Philippines-listed independent power producer with geothermal, natural gas, hydro, and solar assets. Comparable as a Southeast Asian IPP with renewable baseload positioning, though natural gas remains a major part of its mix.
- KenGen: Kenya's state-affiliated geothermal producer with ~950 MW of installed capacity. Comparable as a large-scale geothermal utility in an emerging market with similar baseload renewable positioning, though operating in East Africa rather than Southeast Asia.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Barito Renewables social profiles
Digital presenceBarito Renewables financial estimates
Financial estimateRevenue estimate
Valuation estimate
Barito Renewables leadership team
Management profileNumber of profiles
Profiles10 records
Barito Renewables subsidiaries and ownership
Company hierarchySubsidiaries3 records
Barito Renewables funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Barito Renewables M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Barito Renewables
What does Barito Renewables do?
Barito Renewables is a holding company operating as Indonesia's largest geothermal energy producer, generating and selling electricity from its subsidiary Star Energy Geothermal Group's power plants (Salak, Darajat, Wayang Windu totaling ~886 MW) and the Sidrap wind farm (75 MW) under long-term Power Purchase Agreements with PLN. The company also sells Renewable Energy Certificates (RECs) directly to corporate customers to support their sustainability and net-zero commitments.
Is Barito Renewables a public or private company?
Barito Renewables is a public company. It is classified as public and is currently operating.
When was Barito Renewables founded?
Barito Renewables was founded in 2023. It employs 11 to 50 people.
Where is Barito Renewables based?
Barito Renewables is headquartered in Jakarta, Indonesia, in the Asia region.
How does Barito Renewables make money?
Two revenue lines are on record. Geothermal Electricity Sales are the primary driver. The others are renewable Energy Certificates (RECs).
Who are Barito Renewables's main competitors?
Broad incumbents on record are ACWA Power, Engie, Iberdrola and Enel Green Power. Direct peers are Ormat Technologies and PT Pertamina Geothermal Energy. Supreme Energy is listed as an emerging player. Regional players are Contact Energy, First Gen Corporation and KenGen.
Does Barito Renewables have an API?
No public API is recorded for Barito Renewables.
What industry is Barito Renewables in?
Barito Renewables's product category is Renewable Power Generation. Its primary akta.pro industry code is EUAMAEAI, Geothermal Equipment & Component Manufacturing (Turbines, Heat Exchangers, Pumps, ORC Units), with a secondary code of IMAHAFAI, Geothermal Turbines & Power Island Equipment. Its NAICS code is 221116 and its SIC code is 3510.