Trina Mas Agra Indonesia

What Trina Mas Agra Indonesia does

PT Trina Mas Agra Indonesia (TMAI) is Indonesia's first fully integrated solar manufacturing company, producing both photovoltaic cells and finished modules at a single facility in the Kendal Industrial Park, Special Economic Zone, Central Java, with an initial production capacity of 1 GW scalable to 3 GW. The company was established in 2023 as a joint venture between Trinasolar (a Bloomberg Tier-1 AAA bankable global solar technology leader), PT Dian Swastatika Sentosa Tbk (a Sinar Mas group company active in energy and infrastructure), and PT PLN Indonesia Power Renewables (a subsidiary of PLN). TMAI manufactures TOPCon N-type solar cells (up to 26% cell efficiency, 11.4W per cell) and Vertex N NEG21C.20 720W bifacial modules (up to 23.2% module efficiency), incorporating Trinasolar's low-voltage string design and bifacial gain technology that delivers an additional 3–5% energy yield depending on surface albedo.

The company operates a B2B enterprise sales model, selling cells and modules directly through a commercial sales team ([email protected]) to utility-scale solar developers, commercial and industrial customers, and strategic partners including PT PLN Indonesia Power, PT Pertamina, PT Poso Energy, and PT Sinergi Gula Nusantara. Pricing is quote-based and not publicly disclosed. Revenue is generated through hardware sales of solar cells (for internal module production and external B2B customers) and solar modules (for solar power plant installations).

TMAI holds ISO 9001:2015, ISO 45001:2018, SNI IEC 61215-1:2016, IEC, and UL certifications, and has achieved TKDN (Domestic Component Level) certification at 25% and 45%, positioning it for Indonesian public-sector and utility procurements that require local content thresholds. The company officially began commercial operations with its Grand Opening Ceremony on June 19, 2025, inaugurated by Indonesia's Minister of Industry. Corporate headquarters is located in Jakarta, while manufacturing operations are based in Kendal, Central Java.

Name

Trina Mas Agra Indonesia

Legal name

PT Trina Mas Agra Indonesia

Website

https://tmai.co.id

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

501–1,000 employees

Short description

PT Trina Mas Agra Indonesia (TMAI) is Indonesia's first fully integrated solar cell and module manufacturer, producing TOPCon N-type products at a 1 GW (scalable to 3 GW) Kendal facility as a joint venture between Trinasolar, DSS, and PLN Indonesia Power Renewables.

Ownership category

akta.pro rank

Product category

Solar Photovoltaic Manufacturing

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Solar PV Module & Cell Manufacturing (Crystalline, Thin-Film) (EUAMAHAA)

akta.pro secondary industries

Solar PV Module Manufacturing (Cells, Modules, Thin-Film) (EUAMABAD), Solar Plant Components Supply & Manufacturing (Modules, Cells, Wafers, Mirrors, Heliostats) (EUACAGAK)

Keywords

• Solar cell manufacturing
• Photovoltaic modules
• TOPCon N-type technology
• Bifacial solar modules
• Integrated PV production

Headquarters

HQ city

Puebla

HQ country

Mexico

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Solar Cell Sales: Manufacturing and selling high-efficiency TOPCon solar cells for internal module production and external B2B customers
2. Solar Module Sales: Manufacturing and selling bifacial solar modules (NEG21C.20 720W) to commercial, utility-scale, and industrial customers for solar power plant installations

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

TMAI manufactures and sells high-efficiency TOPCon N-type solar cells (TOPCon210N, up to 26% efficiency, 11.4W per cell) and bifacial solar modules (Vertex N NEG21C.20 720W, up to 23.2% efficiency) at its integrated Kendal Industrial Park facility in Central Java. Products are sold B2B to utility-scale, commercial, industrial, and agricultural energy customers in Indonesia and Southeast Asia, with TKDN-certified domestic content levels of 25% and 45% supporting domestic solar project procurement.

Product overview

TMAI is Indonesia's first fully integrated solar manufacturing company, producing both solar cells and solar panels. The product portfolio includes the TOPCon210N solar cell (with up to 26% efficiency and 11.4W power output per cell) and the Vertex N NEG21C.20 720W bifacial solar module (with up to 23.2% efficiency). The company operates manufacturing facilities in Kendal Industrial Park with an initial production capacity of 1 GW, scalable up to 3 GW.

Differentiator

Problem solved

Functional benefit

Products and services

• TOPCon210N Solar Cell Next-generation N-type TOPCon solar cell with efficiency up to 26% and power output up to 11.4W per cell, using a 210mm cell design. Engineered for high energy yield, durability in harsh environmental conditions, and lower long-term degradation; sold for internal module production and to B2B customers.
• Vertex N NEG21C.20 720W Bifacial Solar Module High-performance bifacial solar module powered by upgraded N-type TOPCon technology, delivering up to 23.2% efficiency and 720W power output. Designed for utility-scale solar installations, built for durability and consistent performance to maximize energy yield on large-scale projects.

Quantifiable outcome

• Solar cell efficiency up to 26%
• +4 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered minor, flagship and core.

• PT Sinergi Gula Nusantara (SGN)minorStrategic or Co-development Partner · 8 June 2026Strategic working visit to SGN headquarters to discuss development of Solar Power Systems (PLTS) at sugar mill facilities. TMAI Commercial Director Johan Hadi Wardoyo met with SGN's Head of Technology and Processing to explore technological synergies for improving operational efficiency and reducing carbon footprint in the sugar industry.
• PT Poso EnergyminorStrategic or Co-development Partner · 4 June 2026Exploratory collaboration on component supply for Solar Power Plant (PLTS) projects in Indonesia. TMAI's Commercial Director Johan Hadi Wardoyo met with PT Poso Energy Director Alimuddin Sewang to discuss potential development of solar power plants and strengthen supply of high-quality solar technology components.
• PT Pertamina (Persero) and PT Pertamina Power IndonesiaflagshipStrategic or Co-development Partner · 21 May 2026Strategic collaboration to reinforce utilization of Domestic Products (PDN) within Indonesia's clean energy sector. High-level meeting between TMAI management and Pertamina delegation led by Manager of Local Content Upstream & Corporate. Focus on optimizing local content in renewable energy infrastructure and strengthening domestic manufacturing ecosystem.
• Indonesian Solar Module Manufacturers Association (APAMSI)coreStrategic or Co-development Partner · 6 May 2026Industry association collaboration focused on optimizing Domestic Component Level (TKDN) in Indonesia's solar panel industry. TMAI management met with APAMSI Chairman I Made Sandika Dwiantara to strengthen shared commitment to advancing Indonesia's renewable energy industry and national manufacturing ecosystem.
• PT PLN Indonesia PowerflagshipStrategic or Co-development Partner · 30 April 2026Working visit from Board of Commissioners and Board of Directors of PT PLN Indonesia Power to reinforce commitment to Indonesia's national solar supply chain. Strategic visit marking milestone in strengthening domestic solar industry ecosystem, with focus on increasing TKDN and advancing energy independence.
• Kendal Regency Government, BUPP, PU, KADIR, and UniversitiesminorOthers · 2 September 2024CSR Mandarin Class Program launched to prepare skilled and job-ready workforce for industrial area. Collaboration with government institutions and universities to improve Mandarin language proficiency and job readiness, supporting technology transfer processes.
• TrinasolarcoreStrategic or Co-development Partner · 11 October 2023Global leader in solar technology and smart energy solutions engaged in R&D, production, and sales of PV modules, power stations, and system products. Trinasolar's modules are Tier-1 bankable (AAA) by Bloomberg. Provides advanced TOPCon N-type technology and intellectual property for TMAI's manufacturing operations.
• PT Dian Swastatika Sentosa Tbk (DSS)coreStrategic or Co-development Partner · 11 October 2023Member of Sinar Mas, specializes in energy and infrastructure while expanding into renewable energy investments. Through subsidiary PT Daya Sukses Makmur Selaras (DSMS), drives large-scale solar PV projects. Part of Sinar Mas group with diverse portfolio across pulp, agribusiness, financial services, telecommunications, energy, and healthcare.
• PT PLN Indonesia Power RenewablescoreStrategic or Co-development Partner · 11 October 2023Subsidiary of PT PLN Indonesia Power and affiliated with PT Perusahaan Listrik Negara (PLN), operating as an Unrestricted Company. Engages in development of energy investment businesses through equity participation in power generation and electricity-related projects. Joint venture partner in TMAI.

Scale indicators5 records

Recent moves14 records

Expansion highlights5 records

Direct peers

• JA Solar Technology: Top-5 global PV cell and module manufacturer with deep TOPCon exposure; competes in the same high-efficiency cell/module category TMAI serves.
• Hanwha Q Cells: Tier-1 PV cell and module manufacturer with significant TOPCon capacity; directly comparable high-efficiency product portfolio targeting global utility-scale developers.
• Astronergy (Chint New Energy): TOPCon-focused PV cell and module manufacturer with rapidly scaled Tier-1 capacity; competes in the same high-efficiency bifacial module category TMAI produces.
• LONGi Green Energy: World's largest monocrystalline silicon and PV module manufacturer; competes directly in TOPCon cell/module production and represents the global supply benchmark TMAI must match.
• JinkoSolar: Largest global PV module shipper with TOPCon N-type product lines; competes directly in the high-efficiency bifacial module segment TMAI targets.
• Tongwei Solar: Vertically integrated polysilicon-to-cell/module producer; one of the world's largest cell producers and a key global cost benchmark TMAI must compete against in TOPCon cells.
• Canadian Solar: Vertically integrated PV manufacturer with global module, cell, and project development operations; overlaps with TMAI in TOPCon module supply and utility-scale project markets.
• Trinasolar: Global Tier-1 PV module manufacturer and TMAI's technology JV partner; competes in the same TOPCon N-type module category globally while licensing its platform into TMAI's Indonesian operations.
• First Solar: Large-scale PV module manufacturer using thin-film CdTe technology; competes for utility-scale solar procurement dollars in the same customer segment as TMAI, though with a different cell technology.

Regional players

• Adani Solar: India's largest integrated solar manufacturer, serving South Asian utility-scale demand with domestic-content positioning analogous to TMAI's TKDN-based strategy in Indonesia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tmai-id

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trina Mas Agra Indonesia