Barito secures financing to expand Wayang Windu geothermal project, Indonesia
Wayang Windu geothermal power plant, West Java, Indonesia (source: Star Energy Geothermal)
Carlo Cariaga
17 Apr 2025
Barito Renewables, through subsidiary Star Energy Geothermal, has secured $139.5 million in financing for capacity expansion at Wayang Windu, Indonesia.
PT Barito Renewables Energy (BREN), through subsidiaries, Star Energy Geothermal Pte Ltd (SEGP) and Star Energy Geothermal Wayang Windu Limited (SEGWWL) has signed a senior secured term facility agreement with an amount of $139.5 million. The financing will go towards capacity expansion of the Wayang Windu geothermal field in the Bandung region of West Java, Indonesia.
Sumitomo Mitsui Banking Corporation Singapore Branch and DBS Bank acted as the initial lenders and green loan coordinators for this financing agreement.
The financing is divided as follows – SEGPL obtained a loan facility with a total amount of USD 114.5 million, while SEGWWEL obtained a separate loan facility with a total commitment of USD 25 million. The funds will finance the expansion of the Wayang Windu geothermal project project in two ways:
- Retrofitting of the existing Wayang Windu Units 1 and 2, aiming for an additional 18.4 MW
- Construction of a new, 30-MW Wayang Windu Unit 3
Star Energy Geothermal had already previously announced their expansion plans, aiming for an additional 102.6 MWe of power generation capacity. Earlier this year, the company had announced the completion of testing of the 15.5 MW Salak binary geothermal power plant.
Source: Krusial.com
