TotalEnergies and Singapore-based Royal Golden Eagle (RGE) have taken a major step toward advancing cross-border clean energy trade, following the Singapore Energy Market Authority’s decision to grant a conditional licence to their joint venture, Singa Renewables, to import up to 1 gigawatt (GW) of renewable electricity from Indonesia.
The development is part of a broader initiative to establish a large-scale hybrid energy project in Indonesia’s Riau Province. The project will combine solar power generation, battery energy storage, and a submarine cable system to deliver electricity to Singapore and local industrial users in Indonesia.
The joint venture partners this week signed a co-investment agreement to develop, construct, and operate the facility. The agreement was formalised on May 28 during an official ceremony in Jakarta, attended by French President Emmanuel Macron and Indonesian President Prabowo Subianto.
“This project will contribute to Singapore’s goal of achieving carbon neutrality by 2050, while supporting the economic development of Riau Province, Indonesia,” said Helle Kristoffersen, president for Asia at TotalEnergies. “This initiative also illustrates TotalEnergies’ commitment to the energy transition and security of supply in ASEAN.”
In a parallel development, Singa Renewables also signed a memorandum of understanding (MoU) with Singapore Energy Interconnections (SGEI) to jointly explore the development of a subsea interconnector for electricity transmission between the two countries.
RGE’s Director General Imelda Tanoto highlighted the regional significance of the initiative. “Obtaining the conditional licence represents a key milestone that confirms our role in strengthening regional collaboration and achieving decarbonisation goals,” she said. “We are committed to contributing to the acceleration of the energy transition in the region.”
TotalEnergies will provide its expertise in developing and operating complex energy infrastructure, while RGE will support the project’s execution through its operational presence in both Indonesia and Singapore. The project aims to enhance energy connectivity in Southeast Asia and support regional net-zero ambitions.
