Minister Rosan: Solar Panel Investment Reaches USD 1.4 Billion
Jakarta — Investment Minister and head of BKPM Rosan Roeslani, also CEO of Danantara, disclosed foreign direct investment for building a solar panel plant in Indonesia, valued at about USD 1.4 billion. The funds began to flow in from mid-2025, and construction of the production facility is still underway. “The investment has been in since mid-2025. The construction will take around one and a half years; the investment value is around USD 1.4 billion,” Rosan told reporters after a limited meeting with President Prabowo Subianto at the Presidential Palace complex in Jakarta on Thursday, 5 March 2026. He said the plant’s construction is expected to take about 18 months, with the production facility targeted to be operational by the end of 2026. According to Rosan, the project represents foreign investment to bolster the development of Indonesia’s renewable energy industry. The plant’s presence is expected to support domestic components for solar power plants in Indonesia. “With this investment, we can use domestic production, primarily to support PLTS projects promoted by the government,” Rosan said. He views the development of a domestic solar panel industry as a crucial step in strengthening the national clean energy supply chain. Moreover, the investment is expected to accelerate the government’s energy transition programme.
Minister of Higher Education, Science, and Technology Brian Yuliarto said universities have been asked to support the acceleration of solar power generation (PLTS) development. This move aims to replace diesel-based power plants, which still incur high production costs.
“So, from us at the universities, research results and studies on findings are being asked to support the acceleration of solar cells. PLTS, especially to replace plants whose prices are still high, i.e., diesel-powered plants,” Brian said. He noted that accelerating solar energy development will be coordinated by the Ministry of Energy and Mineral Resources (ESDM). Meanwhile, universities will play a role in providing research support and scientific studies.
“That was the President’s directive; later the ESDM Minister will become the coordinator. Of course we from the universities will back up with research and studies,” Brian added.