Diverse Financial Performance Among Renewable Energy Emitters in Indonesia: A Sector Analysis
GEOTHERMAL
In early 2025, Indonesian renewable energy companies reported mixed financial outcomes, yet the sector's future remains bright. PT Barito Renewables Energy Tbk (BREN) distinguished itself with a 3.44% year-on-year revenue increase, reaching $300.07 million, and a net profit rise of 12.98% to $65.47 million.
CEO Hendra Soetjipto Tan credited this success to enhanced geothermal operations at the PLTP Darajat project and contributions from the Salak Binary project, coupled with effective cost management strategies. Analysts remain optimistic about the sector's growth potential.
Aug 6, 2025, 12:00 AM