In the initial phase, Pertamina's new and renewable energy subholding company Pertamina NRE and Hyet Solar will run a pilot project to build a small-scale solar PV foil installation. If the pilot project fulfills investment parameters, both companies will proceed with a feasibility study.

“Pertamina is gradually transforming from a company with a majority of its business in fossil energy into a company with low carbon emissions. The development of PV foil technology in Indonesia will have a good potential to boost the local content rate,” Pertamina NRE CEO Dannif Danusaputro said in a statement issued on Tuesday.

Read also: Pertamina to cut some refinery projects in energy transition

Thin-film solar PVs are lighter and more flexible than conventional PVs. They are generally easier to install and transport but less efficient in producing electricity.

“This is an innovative PV product, where 95 percent of the raw materials are located in Indonesia, so it can reduce the use of imported components,” said Hyet Solar CEO Rombout Swanborn in the same statement.

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Read also: Pertamina plans to invest $12b in new, renewable energy by 2026

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