HGII Aims for 100 MW Renewable Energy Capacity by 2031

PT Hero Global Investment Tbk (HGII), a leading renewable energy holding company in Indonesia, is advancing its clean energy initiatives with plans to develop a 100-megawatt (MW) power plant by 2031. This ambitious project aligns with Indonesia's long-term vision of achieving energy self-sufficiency while reducing carbon emissions, contributing to the Net Zero Emission 2060 goal.

Currently, HGII operates three renewable energy plants, including two micro-hydro power plants with a combined capacity of 19 MW and one biogas plant generating 3 MW. With its expansion plans, HGII aims to integrate hydro, biogas, biomass, and solar power to meet its 100 MW target.

According to Robin Sunyoto, CEO of HGII, renewable energy plays a vital role in supporting Indonesia's energy independence. "We aim to supply clean electricity to PLN and increase the renewable energy mix to ensure the nation's energy self-sufficiency," Sunyoto said during an interview on CNBC Indonesia.

Strategic Goals to Support Renewable Energy

To fund its expansion, HGII recently raised approximately IDR 260 billion through its initial public offering (IPO) on the Indonesia Stock Exchange (IDX). The proceeds will be allocated to the development of new renewable energy projects and infrastructure, emphasizing hydroelectric and biogas energy sources.

Additionally, HGII has partnered with Shikoku Electric Power Company, Inc. (Yonden), a Tokyo-based utility firm with expertise in renewable energy. This collaboration is expected to bring advanced technologies and best practices to support Indonesia’s energy transition.

The company also emphasized its commitment to integrating renewable energy sources into the national grid. By supplying clean energy to PLN, HGII aims to help the government achieve its renewable energy targets and promote sustainability.

Driving Indonesia's Energy Transition

HGII’s expansion plans align with Indonesia’s goal of increasing the share of renewable energy in its national energy mix. This initiative supports global climate action and ensures sustainable development for future generations.

With plans to diversify its portfolio, including the addition of solar power plants, HGII is set to play a crucial role in reducing reliance on fossil fuels. This shift is particularly significant as Indonesia looks to position itself as a leader in renewable energy development within Southeast Asia.

Impact on Carbon Emission Reduction

HGII's renewable energy projects are expected to significantly reduce carbon emissions, contributing to global climate goals. By leveraging hydroelectric, biogas, and solar energy, the company can provide cleaner electricity while boosting the country’s energy resilience.

In conclusion, HGII’s ambitious plan to achieve 100 MW of renewable energy capacity by 2031 marks a significant step toward a greener future for Indonesia. With its focus on innovation and partnerships, HGII is well-positioned to support the nation’s transition to sustainable energy.