Futura Energi Secures Chinese Investment for 130-Megawatt Solar Project in Bali
Jakarta. Renewable energy developer Futura Energi Global (FUTR) has signed a partnership with two Chinese firms, Zhejiang Energy PV-Tech Co. and Hypec International, to develop a 130-megawatt solar power plant (PLTS) in Bali.
FUTR President Director Tonny Agus Mulyanto said the collaboration represents a key milestone in the company’s transition toward sustainable energy while supporting the government’s Net Zero Emission 2060 goal.
“Zhejiang will provide financial backing, while Hypec will serve as the EPC contractor. Both companies have strong track records in solar projects, including in Indonesia,” Tonny said in a written statement on Wednesday.
The Bali solar project will be developed in stages, with FUTR currently coordinating with the Bali regional government to identify potential locations based on spatial planning and solar potential.
The company plans to establish a special-purpose subsidiary to oversee the operation and maintenance of the plant. Documentation, feasibility studies, and licensing are expected to be completed by the first half of 2026, paving the way for construction and groundbreaking.
Tonny said the project’s investment scheme will align with the tariff structure outlined in Presidential Regulation No. 112/2022 on renewable energy pricing.
“Solar power is proven to be workable and manageable, as seen in Cirata, West Java. We’re confident this project will follow suit,” he added.
The Cirata Floating Solar Power Plant is the largest floating solar facility in Southeast Asia and the third largest in the world.
Futura Energi expects the Bali solar plant to serve as a benchmark for modern and efficient solar development in eastern Indonesia, while strengthening Indonesia–China cooperation in clean energy.
The signing ceremony at Hotel Ayana Jakarta was attended by Zhejiang Energy PV-Tech President Director Zhang Lianghua, Hypec International President Director Mr. Yan, and FUTR’s management, including Commissioner Ardhantara Angga. The event was also witnessed by PLN President Commissioner Burhanuddin Abdullah.
Tags: Keywords:Related Articles
Education as the Engine of Indonesia’s Energy and Technology Transformation
The future of energy requires two things: clean and renewable sources that provide constant and reliable power.
Opportunities for Green Hydrogen in the Present Energy Crisis
In many emerging markets, energy imports represent a significant share of total trade deficits, exposing economies to external shocks.
Deputy Minister Answers Concerns From Chinese Business Community
Indonesia responded after Chinese businesses raised concerns over regulations, rising costs and investor confidence.
Kencana Energi Wins $116 Million Hydropower Project From PLN
Kencana Energi secured a $116 million hydropower project that will nearly double its installed generation capacity.
Barito Renewables Posts $53 Million Q1 Profit on Strong Geothermal Output
New projects are expected to lift the company’s total geothermal capacity to more than 1,000 MW by the end of 2026.
QRIS Officially Launches in China, Enabling Cashless Cross-Border Transactions
QRIS goes officially live in China, enabling seamless mobile payments and strengthening Indonesia’s cross-border digital integration.
Toyota Fortuner, Mitsubishi Pajero Used in Indonesia’s 50% Biodiesel Trial
Indonesia is testing B50 biodiesel in SUVs, trucks, and buses ahead of a planned June mandate.
UK’s BII Launches $1.4 Billion Climate Fund to Tackle Asia Coal Reliance
BII launched a $1.4 billion climate initiative to mobilize private capital for Asia’s energy transition, targeting coal-reliant markets.
Indonesia Expands Waste-to-Power Push With Five New Plants
The strategic projects are expected to process more than 7,000 tons of waste per day.
Shanghai Woos Indonesia’s SMEs With Cash, Scale and Access
Shanghai invites global SMEs, including Indonesia, offering strong financing, AI-driven services, and a supportive business ecosystem.The Latest
Dear Mr. President, Don’t Skip ASEAN Summits
Despite calls for Prabowo to stay home, the Indonesian leader still needs to attend ASEAN summits.
PLN Rushes Coal Supplies After Power Outages Hit Java
PLN is rushing to secure coal supplies after shortages triggered rolling blackouts across Java, disrupting businesses and daily life.
Japan-Backed ADB Invests in Indonesia’s Human Capital
As many as 399 Indonesian awardees have joined the ADB-Japan Scholarship Program from 1988 to 2024.
Indonesian Stocks Rise Despite Foreign Outflows as MSCI Review Looms
Indonesia's JCI rose 2.8% as easing geopolitical tensions offset foreign outflows, MSCI concerns and rupiah pressures.
World Cup 2026: Paraguay Holds Off Turkey With 10 Men to Keep Knockout Hopes Alive
Matias Galarza scored after 65 seconds as 10-man Paraguay beat Turkey 1-0, eliminating the Turks and securing first place for the US.Most Popular
