RGE and TotalEnergies to Develop Green Energy through Singa Renewables

Through joint venture Singa Renewables, Royal Golden Eagle and TotalEnergies have entered into a Co-Investment Agreement to develop and operate a solar photovoltaic power plant with a battery energy storage system in Riau, Indonesia.

The Agreement was signed by Imelda Tanoto, Managing Director of RGE, and Helle Kristoffersen, President of Asia and Member of the Executive Committee at TotalEnergies. Witnessed by Indonesian President Prabowo Subianto and French President Emmanuel Macron at the Presidential Palace, the project carries strong support from both governments and reflects a shared commitment to accelerating the global energy transition.

In a parallel development, Singapore’s Energy Market Authority (EMA) has granted a Conditional Licence to import up to 1.0 gigawatt of solar energy from Indonesia to Singapore. Singa Renewables also signed a Memorandum of Understanding with Singapore Energy Interconnections Pte Ltd (SGEI) to jointly develop a subsea interconnector that will enable this clean energy transfer. This agreement was witnessed by Singapore’s Minister of Manpower and Minister-in-charge of Energy and Science & Technology, Dr. Tan See Leng, and France’s Minister of Economy, Finance, and Industry, His Excellency Eric Lombard.

Imelda Tanoto, Managing Director at RGE and Helle Kristoffersen, President Asia and Member of the Executive Committee at TotalEnergies, announced a Co-Investment Agreement between RGE and TotalEnergies in the presence of Indonesian President Prabowo Subianto and French President Emmanuel Macron at the Presidential Palace in Jakarta.

Powering Indonesia’s Renewable Energy Industry

Singa Renewables is poised to play a transformative role in positioning Indonesia as a global renewable energy hub. Once operational, the solar power plant will supply clean electricity to industrial complexes in Riau, support local economic development, and strengthen Indonesia’s solar energy value chain. It will also invest in the growth and training of skilled expertise in green energy, creating long-term opportunities for Indonesia’s renewables sector.

This aligns closely with Indonesia’s national goal of decarbonising and growing its renewable energy share from 13% to 31% by 2050.

Accelerating Regional Energy Security and Connectivity

By exporting solar energy to Singapore, the project enhances energy cooperation and security within the region. It marks a significant milestone in ASEAN’s push toward an integrated, sustainable power grid – catalysing regional connectivity and shared progress in energy transition. 

A Shared Vision for a Greener Future

With conditional regulatory approvals now in place, the Singa Renewables project is well-positioned to make a lasting impact – creating value to communities, markets, and governments. As Singapore aims for net zero emissions by 2050, and its EMA targets 6 gigawatts of low-carbon electricity imports by 2035, this partnership is an exceptional example of how cross-regional collaboration and committed partnerships can shape a greener, secure, and more sustainable future.