Pertamina NRE – Hyet Solar Agrees to Develop PV Foil in Indonesia

Jakarta, April 12, 2022 – Pertamina Power Indonesia, as Power & New Renewable Energy (Pertamina NRE) Subholding, agreed to sign a cooperation agreement with Hyet Solar Netherlands BV (Hyet Solar) to develop photovoltaic (PV) foil manufacturing on Thursday (7/4).

The MoU signing ceremony was witnessed by the Indonesian Embassy to the Netherlands and attended by the Dutch Ambassador to Indonesia Mayerfas. The signing was carried out virtually by Dannif Danusaputro as Chief Executive Officer of Pertamina NRE and Rombout Swanborn as Chief Executive Officer of Hyet Solar.

"The signing of this MoU was done at the perfect moment because it is in line with Indonesia's 2045 Vision and the G20 Presidency to achieve energy sovereignty and a sustainable energy transition in Indonesia. I believe that the cooperation between the two parties will contribute to national and global efforts in realizing greener energy," said Mayerfas in his speech.

In this collaboration, Hyet Solar uses a PV foil technology called Solar Powerfoil, a thin film made of amorphous and microcrystalline silicon solar cell layers, with a shape like foil of 0.5 mm thick that can be rolled up. The advantage of PV foil technology is efficiency in terms of installation because it can be installed on a variety of surfaces.

“Pertamina NRE is a leading entity in guarding Pertamina's energy transition. We are all heading for net zero-emission. Pertamina is gradually transforming from a company with a majority of its business in fossil energy into a company with low carbon emissions. This strategic partnership is one of Pertamina NRE's initiatives to develop the PV manufacturing business. PV foil technology development in Indonesia will be a good potential to increase TKDN," said Dannif.

It was agreed by Rombout, who stated straightforwardly, “It is an honor for us that we can contribute to the development of technology in the energy transition in Indonesia. This is an innovative PV product, where 95% of the raw materials are in Indonesia. Therefore, it can reduce the use of imported components.”

As an initial phase of this collaboration, Hyet Solar will run a pilot project for developing a small-scale Solar Powerfoil. If the pilot project meets the investment parameters, both parties will proceed with a feasibility study.

Pertamina NRE is aggressively carrying out Solar Power Generation (PLTS) projects, which currently focus on the internal Pertamina and a potential of reaching 500 MW, including PLTS at Pertamina's petrol stations spread across Indonesia. Pertamina NRE collaborates with various strategic partners, both technical and investment collaborations, to accelerate the energy transition.

Pertamina NRE plays a strategic role in Pertamina's efforts to reduce carbon emissions and supports the government in achieving net-zero emissions by 2060. Pertamina has stated its commitment to implement environmental, social, and governance (ESG) aspects for good sustainable business can be realized for the surrounding environment.**