SINGAPORE, September 5, 2024 – Singapore’s Energy Market Authority (EMA) has granted conditional approval for TotalEnergies and RGE, through their joint venture Singa Renewables Pte Ltd, to import 1.0 gigawatt (GW) of solar energy from Indonesia. The announcement was made on 5 September 2024 during the Indonesia International Sustainability Forum in Jakarta by Dr. Tan See Leng, Singapore’s Minister for Manpower and Second Minister for Trade and Industry.
The project represents a critical step toward advancing renewable energy collaboration between the two countries and addressing Singapore’s sustainability goals. The solar energy will be generated in Indonesia, leveraging its abundant solar resources, and then exported to Singapore.
In addition to exporting solar power, Singa Renewables will also supply energy for Indonesia’s domestic consumption. This power will be used to support green industrial complexes in the Riau Province as part of Indonesia’s broader strategy to increase renewable energy deployment from 13% in 2023 to 31% by 2050, aiming for net zero by 2060.
Olivier Jouny, Senior Vice President of Renewables at TotalEnergies, said the project aligns with TotalEnergies’ power strategy, which focuses on delivering clean energy through a combination of solar power and battery storage systems. He emphasized the importance of this initiative for both Singapore and Indonesia’s energy transition.
William Goh, Global Head of Renewable Energy at RGE, described the venture as a “win-win solution,” noting that it would supply green electricity to both nations and boost investments in the solar sector, while also creating jobs and enhancing Indonesia’s solar energy supply chain.
TotalEnergies and RGE will tap into their combined financial strength and expertise to expedite the development of this large-scale renewable energy project. The joint venture aims to accelerate the delivery of green electricity to both Indonesia and Singapore in the coming years.