Indonesia's sovereign wealth fund Danantara announced Indonesia that it plans to build a 50GW solar PV manufacturing plant to support the country's solar power project deployment plan.

Officials have not yet revealed the type of products the plant will produce, saying only that the plant is expected to be completed by the end of 2026.

The country's sovereign wealth fund, Danantara Indonesia, has received $1.4 billion in investment to build a solar PV manufacturing plant with an annual capacity of up to 50GW. The plant will provide photovoltaic products for solar power plants across Indonesia. Rosan Roeslani, Indonesia's Minister of Investment and Downstream Industry Development and Danantara CEO, said in an interview on March 5, 2026 that the plant will help support the government's solar deployment plan, including various projects to expand village power coverage. According to the Roeslani, the plant has a capacity of 50GW. We have also received the investment and it will be completed by the end of this year. It will help us to use local products in solar projects. "

Indonesia's goal is to install a total of 100GW of installed photovoltaic capacity by 2030, of which 20GW is centralized and 80GW is distributed, and it is equipped with 320GWh of battery energy storage system (BESS). According to the IESR report, up to $78 billion would be needed over the next five years to realize the plan.

According to Bloomberg Technoz reports, Danantara has installed a 1MW solar power plant pilot project in Sumina (Sumenep), East Java. Based on a detailed assessment of the 1MW project, the remaining projects will be rolled out gradually in cooperation with the Ministry of Energy and Mineral Resources (ESDM) and the Ministry of Education and Technology. It is reported that Indonesian President Prabowo Subianto (Prabowo Subianto) has set up a task force Lahadalia Minister of Energy and Mineral Resources Bahlil to accelerate the energy transition to achieve the 100GW PV target, with the first target starting from 13GW. This requires accelerating the conversion of diesel power plants (PLTD) to solar power plants (PLTS). Lahadalia said that this will not only reduce electricity subsidies, but also accelerate the spread of electric travel.

According to data from the International Renewable Energy Agency (IRENA), by the end of 2024, Indonesia's cumulative installed photovoltaic capacity was only 942MW.