Ecobiz.asia — Southeast Asia–focused private equity firm Sriwijaya Capital has invested up to US$ 20 million in PT Sumber Energi Surya Nusantara (SESNA), marking its first investment and formal entry into Indonesia’s renewable energy sector.
Sriwijaya Capital Founder and Chairman Arsjad Rasjid said the investment reflects the firm’s confidence in Indonesia’s energy transition momentum and SESNA’s execution track record.
“SESNA is one of the key renewable energy players in Indonesia with proven execution capability that aligns with our conviction on Southeast Asia’s decarbonisation opportunity,” Arsjad said in a statement on Monday (Jan. 26, 2026).
Chief Executive Officer of Sriwijaya Capital Hartanto Tjitra said the firm views SESNA as a scalable renewable energy platform with strong commercial fundamentals.
“SESNA has demonstrated exceptional capability and discipline in executing renewable energy projects. We are committed to working closely with the management team to expand operations and unlock long-term value,” Hartanto said.
SESNA Chief Executive Officer Rico Syah Alam said the partnership would strengthen the company’s capacity to deliver solar power projects at scale across Indonesia.
“Sriwijaya Capital’s strategic capital and institutional network will accelerate our ability to scale renewable energy solutions, while we remain focused on strong fundamentals and measured execution,” Rico said.
SESNA develops ground-mounted and rooftop solar photovoltaic (PV) systems, including projects integrated with battery energy storage systems (BESS). The company has more than 30 megawatt-peak (MWp) of operational solar capacity and over 450 MWp in its development pipeline.
The investment will support the development of a 262 MWp solar power project integrated with an 80 megawatt-hour (MWh) BESS in Central Sulawesi, in line with Indonesia’s target to achieve net zero emissions by 2060. ***
