TotalEnergies and Singapore's RGE to Develop Solar and Battery Storage Project in Indonesia

Singapore’s Royal Golden Eagle (RGE) and France’s TotalEnergies SE (NYSE:TTE) announced that their joint venture, Singa Renewables, will develop a large-scale solar and battery energy storage project in Indonesia’s Riau Province. The project, which will be built in multiple phases, is designed to supply clean energy to industrial areas in Riau and export solar power to Singapore. This initiative aims to support Indonesia’s decarbonization goals while enhancing energy collaboration across the region.

The official signing of the Co-Investment Agreement took place on May 28 at the Presidential Palace, witnessed by Indonesian President Prabowo Subianto and French President Emmanuel Macron. This event highlighted the project's strategic importance and the strong government backing from both nations.

Helle Kristoffersen, president of TotalEnergies SE (NYSE:TTE) Asia and a member of its executive committee, made the following comment:

"This project aims to drive the development of regional renewable energy infrastructure and advance the ASEAN Power Grid vision."

RGE’s Managing Director, Imelda Tanoto, noted that the partnership reflects the company’s commitment to improving regional energy connectivity and advancing the broader energy transition.

Beyond supporting emissions reduction efforts, the initiative is expected to position Indonesia as a key player in the global renewable energy sector. It is set to generate skilled jobs in solar, energy storage, and grid engineering, while also enhancing local supply chain capabilities. The project is aligned with broader ASEAN goals for cross-border clean energy trade and regional energy integration.

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