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SINGAPORE - TotalEnergies (EPA:TTEF) (Paris:TTE) (LSE:TTE) (NYSE:TTE) and RGE have been awarded a conditional license by Singapore’s Energy Market Authority to import one gigawatt (GW) of renewable power from Indonesia. The license is a significant step in a joint venture that aims to deliver clean energy to Singapore and support local industry in Indonesia’s Riau Province.
The collaboration between the two companies, known as Singa Renewables, also includes plans to develop a subsea interconnector with Singapore Energy Interconnections (SGEI), which will facilitate the electricity imports from Indonesia. This development follows the signing of a Co-Investment Agreement on May 28, 2025, to construct a hybrid renewable power plant comprising solar panels, a Battery Energy Storage System (BESS), and the subsea cable.
This project is positioned as a key initiative in the decarbonization efforts of local industries in both regions. It is expected to assist Singapore in achieving its net zero emissions target by 2050 while simultaneously contributing to economic development in Riau Province.
Helle Kristoffersen, President Asia and Executive Committee Member at TotalEnergies, expressed gratitude towards the Singapore authorities for granting the necessary licenses. She highlighted the project’s alignment with TotalEnergies’ commitment to supporting the energy transition and security of supply in the ASEAN region.
Imelda Tanoto, Managing Director at RGE, emphasized the milestone as a testament to their role in fostering regional collaboration and advancing decarbonization goals. The project is part of a broader commitment by both companies to create lasting value for communities and markets.
TotalEnergies is actively expanding its portfolio in renewable energy sources, with a goal to increase its installed gross renewable electricity generation capacity to 35 GW by the end of 2025 and produce over 100 terawatt-hours of net electricity by 2030.
The information in this article is based on a press release statement and reflects the current stage of the joint venture between TotalEnergies and RGE.
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