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Indonesian companies are actively expanding their renewable energy ventures in response to global decarbonization trends, with significant investments aimed at capturing market share in the green energy sector. Major firms like PT TBS Energi Utama Tbk and PT Alamtri Resources Indonesia Tbk are transitioning from coal to renewable sources, while PT Arkora Hydro Tbk is developing hydropower plants set for completion by 2026. This growth is bolstered by broader commitments to low-carbon technologies and infrastructure development.