Green Era closes acquisition of 33.33% stake in Star Energy
Green Era Pte Ltd has completed the sales and purchase agreement to acquire a 33.33% shareholding stake in Star Energy from BCPG Public Company Limited for US$440 million.
Star Energy owns controlling stakes in world-leading geothermal energy assets based in Indonesia, with a total gross capacity of 875 MW, including Wayang Windu Geothermal power plant, Salak Geothermal power plant, and Darajat Geothermal power plant. The remaining 66.67% of Star Energy continues to be owned by PT Barito Pacific Tbk, an integrated energy company based in Indonesia with multiple power and industrial assets. Currently, Barito Pacific Group is one of PT. Chandra Asri Petrochemical Tbk shareholders.
Green Era executed the acquisition with an all-cash for shares consideration acquiring 250,801 shares, representing 33.33% of all shares issued and paid up in Star Energy.
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