New & Renewable Energy

The New & Renewable Energy (NRE) business line is a vital part of the Company’s long-term strategy to support the transition to clean and sustainable energy. Since 2022, the Company has actively explored and developed power generation based on renewable energy, as part of its effort to support national emission reduction targets and strengthen energy security.

This sector’s development is carried out through several subsidiaries focusing on geothermal and solar energy projects, both in power generation and supporting technology and infrastructure.

Geothermal Projects

Through its subsidiary PT Daya Sentosa Sakti Renewables (DSSR), the Company is developing three geothermal projects located in West Java and East Nusa Tenggara, with a commercial operation target of 2029. These projects include:

• Cipanas, West Java: Potential geothermal development up to 55 MW
• Cisolok, West Java: Potential geothermal development up to 45 MW
• Nage, East Nusa Tenggara: Potential geothermal development up to 40 MW

Solar Energy Projects

The Company is undertaking two major initiatives in the solar energy sector: solar panel production and rooftop solar PV solutions.

• Solar Panel Production: In collaboration with Trina Solar and PT PLN Indonesia Power Renewables, the Company established PT Trina Mas Agra Indonesia to build a solar panel production facility in the Kendal Special Economic Zone (KEK), Central Java. This facility was completed in 2024 and has a production capacity of 1–2 GWp per year.
• Rooftop Solar PV Solutions: Through PT Daya Mas Agra Sejahtera, the NRE business pillar—under the Dian Solar brand—offers rooftop solar power systems for industrial and commercial sectors. These solutions help customers reduce energy costs and support long-term carbon emission reductions.

Sustainability and Responsible Practices

The Company develops renewable energy initiatives with a strong emphasis on sustainability principles, including:

• Environmental and social preservation: Protecting local ecosystems and engaging local communities in project development.
• Contribution to national clean energy goals: Supporting the energy mix target through renewable energy development.
• Technology and strategic partnerships: Adopting innovative solutions and collaborating with partners to strengthen the clean energy portfolio.
• Long-term business transformation: Positioning renewable energy as a key part of the Company’s growth and sustainability direction.

2024 Performance and Contribution

In 2024, the Company completed construction of the solar panel production facility in KEK Kendal and continued developing geothermal infrastructure projects that began in 2022.

Thus, the NRE business pillar has demonstrated long-term growth potential, aligned with increasing demand for low-emission energy solutions in the domestic market. In addition to supporting emission reduction targets, the Company’s NRE initiatives have also contributed to job creation and enhancement of domestic green energy capacity.

Development Strategy

The Company will continue to expand and strengthen its renewable energy portfolio through sustainable project development, production capacity enhancement, technology adoption, and strategic collaboration. All these efforts are carried out with a responsible approach, in line with the Company’s commitment to sustainability principles and national energy resilience.