An agreement was likewise reached for a subsea connection initiative.
The Energy Market Authority (EMA) has issued a provisional permit to the joint venture between TotalEnergies and RGE for importing 1 gigawatt of green energy from Indonesia into Singapore.
Following this, Singa Renewables Pte Ltd and SGEI (Singapore Energy Interconnections Pte Ltd), a recently established firm tasked with managing the creation of energy connections, entered into an agreement to develop a submarine link connecting these two regions.
Before this, the parties had signed an agreement.
co-investment agreement
To create, construct, and manage a hybrid renewable energy facility featuring a solar farm, a battery energy storage system (BESS), and an undersea cable in Riau Province, Indonesia.
The initiative will provide Clean Firm Power to power-hungry customers in Singapore as well as to industrial areas close to the solar facility located in Riau Province, Indonesia.
Helle Kristoffersen, President for Asia and an Executive Committee member at TotalEnergies, stated that “this initiative will aid Singapore in achieving its target of net-zero emissions by 2050, while also promoting economic growth in Riau Province, Indonesia.”
Regarding the submarine interconnector, both sides will collaborate on exploring the planning, development, funding, building, operating, and maintaining of an underwater connection along with related infrastructure aimed at importing low-carbon power from Indonesia to Singapore.
“The interconnector initiative will be essential in facilitating the import of clean energy into Singapore and will lead to beneficial results for both Indonesia and Singapore,” stated SGEI CEO Ong Teng Koon.
