JAKARTA - The transformation of the green industry in Indonesia is entering a new phase. PT Futura Energi Global Tbk (FUTR) officially announced that strategic steps are in the process of negotiating for acquisition by PT Aurora Dhana Nusantara (Ardhantara).
This corporate action marks a significant change in FUTR from a digital content-based company to an integrated energy entity with a main focus on renewable energy.
Executive Chairman of Ardhantara, Anggara Suryawan, explained that his party through a subsidiary of PT Sejahtera Alam Energi (SAE) has pocketed a geothermal on Mount Slamet, Central Java with a potential installed capacity of up to 20 MW.
According to him, this project even has an electricity purchase agreement or Power Purchase Agreement (PPA) with PLN, which ensures the certainty of the market for environmentally friendly electricity.
FUTR targets to reach the national energy business scale such as big players who are currently active. With the support of strategic assets and global partners, we are optimistic that this can be realized within the next three years," said Anggara, quoted on Friday, August 22.
In addition to geothermal, Ardhantara is also exploring opportunities in other renewable energy sectors such as Solar Power Plants (PLTS), green LPG, to green methanol.
"The asset is planned to be consolidated into FUTR to strengthen the company's position as an integrated energy issuer," he said.
Government Support For Green Energy
On the other hand, the government also shows seriousness in the energy transition. The Presidential Special Envoy for Climate and Energy, Hashim Djojohadikusumo, emphasized that the green industry transition solution can be achieved by utilizing technology appropriately.
"I am sure that after discussions with the Minister of Industry, there will be mitigating solutions, especially through new technology that is relatively cheap to reduce carbon emissions," said Hashim when opening the 2025 Annual Indonesia Green Industry Summit (AIGIS) at the Jakarta Convention Center.
Indonesia itself post-COP29 in Baku, Azerbaijan, has increased its Nationally Determined Contribution (NDC) target to 31.89 percent (unconditionally) and 53.2 percent (conditionally) by 2030. Concrete steps are already underway, ranging from the reduction of 5.5 GW of coal PLTU, restoration of 600 thousand hectares of mangroves, to accelerating the construction of new and renewable energy plants (EBT) of at least 74 GW.
This policy is strengthened through the revision of Presidential Regulation 112/2022, the establishment of the National Carbon Exchange, as well as transitional technology regulations such as green hydrogen and carbon capture.
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Meanwhile, in the 2025-2034 Electric Power Supply Business Plan (RUPTL), PLN set 76 percent of new plants sourced from EBT. Infrastructure is also supported by the construction of a 48 thousand km Green Super Grid and 3.5 GW of battery storage.
In terms of funding, the Just Energy Transition Partnership (JETP) scheme worth US$20 billion has now begun to be executed with the Indonesia Investment Authority (INA) as the fund manager. The government has also strengthened green financing through the issuance of green SBN three times a year, cutting the cost of capital for the EBT project to 40 basis points.
Not to forget, carbon trading on the national exchange is increasingly active. In the first six months, more than 130 issuers participated with a transaction volume of more than 1 million tons of CO2e. FUTR transformation under Ardhantara was also present at the right momentum, amid the government's push and the global market to accelerate Indonesia's energy transition agenda.
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