TotalEnergies & RGE Secure Licence for 1GW Renewable Power Import to Singapore

TotalEnergies, in partnership with RGE, has been granted a conditional licence by Singapore's Energy Market Authority (EMA) for their joint venture, Singa Renewables, to import 1 GW of renewable power from Indonesia to Singapore. This marks a significant step toward the region's energy transition and the decarbonization of local industries.

Additionally, TotalEnergies and RGE have entered into a Memorandum of Understanding (MoU) with Singapore Energy Interconnections (SGEI) to jointly develop a subsea interconnector that will facilitate electricity imports from Indonesia to Singapore. This agreement is another crucial milestone in advancing energy security and sustainability in the region.

A Groundbreaking Co-Investment Agreement

Earlier, the partners had signed a Co-Investment Agreement for the development of a hybrid renewable power plant in Riau Province, Indonesia. The plant will feature a solar farm, a Battery Energy Storage System (BESS), and a subsea cable, aimed at supplying Clean Firm Power to both energy-intensive consumers in Singapore and industrial complexes near the solar site in Indonesia.

The flagship project is designed to accelerate the decarbonization of industries in Singapore and contribute to Indonesia's energy goals. The partners’ expertise combines TotalEnergies' global scale in energy projects with RGE’s extensive presence in both Indonesia and Singapore.

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Helle Kristoffersen, President of Asia and Executive Committee Member at TotalEnergies, said, “I would like to thank the Singapore authorities for granting the necessary licences for this landmark electricity import project, that we are pleased to develop with our partner RGE.”

She added, “The project will contribute to Singapore’s goal of reaching net zero emissions by 2050, while supporting Riau Province’s economic development in Indonesia. This initiative also illustrates TotalEnergies’ commitment to ASEAN’s energy transition and security of supply.”

This project represents a critical milestone towards the decarbonization of regional industries in Singapore and Indonesia, contributing to the region's aspirations for a greener.