Supporting New Energy Development, Sinar Mas Inaugurates Integrated Solar Cell and Solar Module Factory

August 28, 2023

Kendal, August 28, 2023 -- Sinar Mas has provided support for the accelerated development and use of new and renewable energy in Indonesia through PT Daya Sukses Makmur Selaras, an indirect subsidiary of PT Dian Swastatika Sentosa Tbk and PT Agra Surya Energi who partnered with Trina Solar to developed the first integrated solar cell and solar module manufacturing plant in Indonesia. Under the auspices of PT Trina Mas Agra Indonesia, there will be a factory with an initial production capacity of 1-gigawatt peak per year worth an investment of more than 100 million US dollars, in the Kendal Special Economic Zone, Central Java, which uses i-TOPCon cell and module technology. latest.

According to Deputy President Director of PT Dian Swastatika Sentosa, Tbk, Lokita Prasetya who also represents the management of Trina Mas Agra Indonesia, the primary purpose of building the factory is to support the program to increase the new renewable energy mix of the Indonesian government and PT PLN (Persero) through the provision of solar cells and solar panels. domestic production in accordance with the level of domestic consumption with a bankable brand. "We are optimistic that the operation of this plant will support the joint efforts of Indonesia to provide clean and renewable energy sources. With the hope that the solar panel production chain in our country will continue to strengthen so that in the future, the products produced will become more competitive, and with better quality. This is very important because the market opportunities are still very open," said Lokita when laying the first stone, on Monday (28/8/2023).

The panel and solar cell factories are expected to operate commercially in the second and third quarters of 2024 respectively. The parties to this partnership plan to increase the factory's production capacity to reach 3 gigawatts peak in the next 2-3 years. "The presence of a production facility in Kendal is the company's commitment under the auspices of Sinar Mas in supporting the acceleration of the energy transition in order to reduce the release of carbon emissions. Because the widespread use of solar energy will provide added value not only for us, but also for its users, both from the industrial and residential sectors and of course our environment," said Sinar Mas Managing Director Ferry Salman.

Also present at the inauguration were the Minister of Industry, Agus Gumiwang Kartasasmita, Director General of Metal, Machinery, Transportation Equipment, and Electronics, Ministry of Industry, Taufiek Bawazier, Director General of Regional Resilience and International Industrial Access, Ministry of Industry, Eko S. A. Cahyanto, Regent of Kendal, Dico Mahtado Ganinduto, Director of Corporate Planning and Business Development of PT PLN (Persero), Hartanto Wibowo, and Managing Director of Sinar Mas, Saleh Husin.

PT Dian Swastatika Sentosa, Tbk, is one of Sinar Mas's business pillars in the energy and infrastructure sector which has developed several power plants with a total capacity of up to 900 MW. Trina Solar is the world's leading solar PV module manufacturer listed as one of the Tier 1 AAA bankable solar panels by Bloomberg New Energy Finance (BNEF) and has consistently maintained its position as the top 5 companies with the largest production capacity in the world. Meanwhile, PT Agra Surya Energi is a domestic company that focuses on developing rooftop PLTS, with a portfolio and development plans for rooftop PLTS which currently reach more than 100 MWp.