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Green Era acquires stake in Indonesia-based Star Energy for $440 million

Christian Fernsby |
Singapore-based Green Era has announced that they have acquired a 33.33% stake in Star Energy Group Holdings.

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Star Energy owns controlling stakes in geothermal energy assets in Wayang Windu, Salak, and Darajat geothermal power plant in Indonesia with a total gross generation capacity of 875 MWe.

Green Era acquired the 33.33% stake from BCPG Public Company Limited with an all-cash for shares consideration of $440 million, corresponding to 250,801 shares.

The remaining 66.67% stake of Star Energy is still owned by PT Barito Pacific Tbk, an Indonesia-based integrated energy company.

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