OASA Launches New Subsidiary to Broaden Renewable Energy Ventures

Key Takeaways

PT Maharaksa Biru Energi Tbk has launched PT Bumi Mentari Nusantara to enhance its role in Indonesia’s renewable energy sector.
The new subsidiary was established with a capital of Rp9.9 billion (USD 561,000) and is primarily focused on biomass energy and sustainable technologies.
OASA’s expansion into renewables reflects growing investor interest as it already operates entities like PT Maharaksa Energi Hijau.

New Subsidiary Established

PT Maharaksa Biru Energi Tbk (OASA) has officially formed a new subsidiary, PT Bumi Mentari Nusantara, as a strategic move to bolster its presence in Indonesia’s renewable energy sector. Established on May 12, 2026, the subsidiary has been launched with a total capital of Rp9.9 billion, approximately USD 561,000, with OASA holding a majority stake by owning 9,900 shares.

Chandra Devikemalawaty, the Corporate Secretary of OASA, indicated that this new subsidiary is aimed at reinforcing the company’s core business activities, particularly in areas such as biomass energy, green industry development, waste-to-energy management, and the application of smart technologies. The company has noted that the establishment of PT Bumi Mentari Nusantara has not materially affected its operational, legal, financial status, or business continuity.

The creation of this new entity marks a significant step in OASA’s strategy to expand its renewable energy portfolio. The company already has several entities in the green energy sector, including its primary vehicle for renewable energy projects, PT Maharaksa Energi Hijau (MEH). Earlier in 2026, PT Astrindo Nusantara Infrastruktur Tbk (BIPI) acquired a 20% stake in MEH, indicating increased investor confidence in OASA’s clean energy initiatives.

Additionally, PT Maharaksa Kapital Indonesia (MKI) plays a crucial role as the group’s investment holding arm, overseeing a range of green energy projects, including its control over MEH. The establishment of PT Bumi Mentari Nusantara highlights OASA’s ongoing commitment to diversifying and scaling its renewable energy business, amid a growing demand for sustainable energy solutions in Indonesia.

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