Op-Ed: Is Indonesia’s Bid For The Philippines’ Largest Geothermal Company Really About Geothermal?
Energy & Climate
Summary
When news emerged that Indonesian billionaire Prajogo Pangestu made an unsolicited, non-binding takeover offer for Energy Development Corporation (EDC), the Philippines’ largest geothermal producer, most coverage focused on the size of the deal. Estimates from initial filings and market disclosures place the transaction at more than $5 billion in equity ... [continued] The post Op-Ed: Is Indonesia’s Bid For The Philippines’ Largest Geothermal Company Really About Geothermal?
Why It Matters
This Energy & Climate development affects battery, grid, clean-energy and decarbonization dynamics across Asia. For Indonesia, it is a signal worth tracking: it shapes who supplies, who scales, and who sets the standard over the next five years.
Key Facts
- SectorEnergy & Climate
- MarketIndonesia
- ImpactMedium (66/100)
- SignalFunding