TotalEnergies and RGE joint venture, Singa Renewables, has received a conditional licence from Singapore’s Energy Market Authority (EMA) to import 1 GW of renewable electricity from Indonesia. The two companies, which each hold a 50% stake in Singa Renewables, also signed a memorandum of understanding with Singapore Energy Interconnections (SGEI) to jointly develop a subsea power cable linking Indonesia and Singapore. The project is part of Singapore’s broader plan to diversify energy sources and enhance regional connectivity.
The partners had previously signed a Co-Investment Agreement to develop, build and operate a hybrid renewable power plant comprising a solar farm, Battery Energy Storage System (BESS), and a subsea cable in Riau Province, Indonesia, during an official ceremony in Jakarta on May 28th, 2025, in the presence of French President Emmanuel Macron and Indonesian President Prabowo Subianto.
A flagship initiative for the decarbonization of local industries
The project will supply Clean Firm Power to energy-intensive consumers in Singapore and to industrial complexes near the solar site in Riau Province, Indonesia. Throughout the project’s development, the partners will harness TotalEnergies’ global expertise in large-scale energy projects while leveraging RGE’s wide footprint in Indonesia and Singapore.
“I would like to thank the Singapore authorities for granting the necessary licences for this landmark electricity import project, that we are pleased to develop with our partner RGE”, said Helle Kristoffersen, President Asia and Executive Committee Member at TotalEnergies. “The project will contribute to Singapore’s goal of reaching net zero emissions by 2050, while supporting Riau Province’s economic development in Indonesia. This initiative also illustrates TotalEnergies’ commitment to ASEAN’s energy transition and security of supply.”
“We are doing our part to accelerate the region’s clean energy transition”, said Imelda Tanoto, Managing Director at RGE. “The Conditional Licence is a key milestone that affirms our role in advancing the region’s collaboration and decarbonization goals as we remain focused on creating lasting value for communities, markets, and governments alike.”
