# PT Barito Renewables Energy Tbk/ADR

PT Barito Renewables Energy Tbk/ADR is a Public Company based in Jakarta, Indonesia.

## Overview

- **Organization type:** Public Company
- **Headquarters:** Jakarta, Indonesia
- **Region:** Asia
- **Address:** Jakarta, Indonesia
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

PT Barito Renewables Energy Tbk was created as a vehicle to consolidate the renewable energy interests of the Barito Pacific group, controlled by Indonesian billionaire Prajogo Pangestu. The company went public on the Indonesia Stock Exchange in 2023, listing under the ticker BREN (per the Indonesia Stock Exchange, 2023). Its ADR program allows international investors to access the stock. The firm's primary asset is a majority stake in PT Star Energy Geothermal, which operates several geothermal power plants in Indonesia, including the Wayang Windu facility in West Java (per public filings). The company also engages in exploration and development of new geothermal fields. Beyond geothermal, the group has invested in solar and hydropower projects, though these remain smaller parts of the portfolio. Total assets under management are not publicly disclosed as a single figure, but the company's market capitalization as of early 2026 exceeded $5B (per exchange data, 2026). The firm is headquartered in Jakarta and operates across multiple Indonesian islands. No additional offices outside Southeast Asia are known. The broader Barito Pacific group maintains interests in petrochemicals, property, and forestry, but Barito Renewables is purely focused on renewable energy. The structural differentiator for Barito Renewables is its position as a publicly listed pure-play renewable energy holding company controlled by a single family, providing direct equity exposure to Indonesia's geothermal sector. This contrasts with many family offices that hold renewable assets privately. The ADR structure further distinguishes it by enabling foreign portfolio investment without local market access.

## Sectors

- Energy Transition & Renewables

## Questions

### Who controls PT Barito Renewables Energy Tbk?

The firm is controlled by the Prajogo Pangestu family through the Barito Pacific conglomerate (per the company's IPO prospectus, 2023). Prajogo Pangestu is one of Indonesia's wealthiest individuals, with holdings spanning petrochemicals, property, and forestry.

### What is the primary investment focus of PT Barito Renewables?

The firm concentrates on geothermal energy in Indonesia, owning a controlling stake in PT Star Energy Geothermal, which operates the Wayang Windu geothermal plant and other facilities (per public filings). It also explores solar and hydropower, but geothermal remains the core.

### Does PT Barito Renewables invest in ventures outside of renewable energy?

No — the firm is a pure-play renewable energy holding company (per its corporate charter). The broader Barito Pacific group has other businesses, but Barito Renewables is segregated to focus exclusively on renewable energy assets.

### What geographic regions does PT Barito Renewables operate in?

Operations are entirely within Indonesia, primarily on Java (Wayang Windu) and other islands with geothermal potential. No international assets have been disclosed.

### How does PT Barito Renewables source its investment opportunities?

Deal flow comes from the group's existing relationships in the Indonesian energy sector, government concessions for geothermal development, and in-house exploration teams. The firm does not rely on external fund managers.

### What is the firm's known posture on co-investments?

As a listed entity, Barito Renewables raises capital through equity and debt markets rather than co-investment structures. It does not participate in external fund commitments.

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Last updated: 2026-06-03T20:00:00.000Z

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