Indonesia’s PT Barito Renewables energy Tbk is preparing an IPO on the Indonesian stock exchange, following PT Pertamina Geothermal Energy Tbk (PGEO), another geothermal operator that entered the market earlier this year.
Barito Renewables began its operations through one of its subsidiaries, Star Energy Geothermal Group, a geothermal electricity producer acquired in 2017/2018.
As a group, the company now operates three geothermal assets located in West Java, with a total installed capacity of 88 6 MW, which accounts for approximately 38% of the market share in Indonesia.
