Green Era Launches Renewables Portfolio through the Acquisition of a 33.33% Stake in Star Energy for USD 440 million Inaugural acquisition by Green Era Pte Ltd (Green Era), a Pangestu Family Office special purpose vehicle based in Singapore , to launch its Southeast Asian renewables asset portfolio Star Energy Group Holdings Pte. Ltd. (Star Energy) is a holding company with subsidiaries that hold worldleading geothermal power assets based in Indonesia The acquisition fits perfectly with aligned shareholder interests, where the remaining 66.67% of Star Energy is owned by PT Barito Pacific Tbk, which is majority-owned by the Pangestu family Star Energy will continue to generate solid and stable revenue growth and profits through the medium to long term, and play a key role as Indonesia''s largest and leading geothermal energy producer, to support Southeast Asia''s transition towards clean and renewable energy SINGAPORE , March 8, 2022 |PRNewswire| -- Green Era announced that it has successfully completed the sales and purchase agreement to acquire a 33.33% shareholding stake in Star Energy from BCPG Public Company Limited.