Published by Global Banking and Finance Review
Posted on May 28, 2025
(Reuters) -Singapore's Royal Golden Eagle (RGE) and France's TotalEnergies said on Wednesday that their joint venture, Singa Renewables, would develop a utility-scale solar and battery project in Indonesia's Riau Province.
The project, to be built in phases, will supply green energy to power industrial complexes in the Riau Province and export solar power to Singapore, boosting domestic decarbonisation efforts and strengthening regional energy cooperation.
"This project aims to drive the development of regional renewable energy infrastructure and advance the ASEAN Power Grid vision," said Helle Kristoffersen, president of TotalEnergies Asia and a member of its executive committee.
The agreement was signed in the presence of Indonesian President Prabowo Subianto and French President Emmanuel Macron, the parties said in a joint statement.
They did not give any financial details or say when the project would be completed.
(Reporting by Roshan Thomas in Bengaluru; Editing by Savio D'Souza)
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