The Energy Market Authority (EMA) of Singapore has granted Conditional Approval (CA) to TotalEnergies and Royal Golden Eagle RGE (RGE) to supply 1.0 gigawatt (GW) of solar photovoltaic (PV) power from Indonesia to Singapore through their joint venture, Singa Renewables Pte Ltd (Singa).
TotalEnergies SE, established in 1924, is a French multinational integrated energy company and one of the world’s seven supermajor oil companies. The company operates across the entire oil and gas value chain, including crude oil and natural gas exploration, production, power generation, transportation, refining, and petroleum product marketing.
RGE (Royal Golden Eagle) was founded by Sukanto Tanoto in 1973 under the name RGM. It manages a group of resource-based manufacturing companies operating across various countries. RGE’s business operations span from upstream activities, such as sustainable natural resource development and harvesting, to downstream activities involving processing these resources into value-added products for the global market. The company is committed to sustainability and responsible business practices in sectors like palm oil, pulp and paper, energy, and specialty cellulose.
Additionally, TotalEnergies engages in international crude oil and product trading and is a major player in chemicals manufacturing. The company is increasingly focusing on renewable energy and sustainability as part of its strategy to transition toward cleaner energy sources.
This approval, announced by Tan See Leng, Singapore’s Minister for Manpower and Second Minister for Trade and Industry, at the Indonesia International Sustainability Forum 2024 in Jakarta on September 5, 2024, marks a significant step towards enhancing regional energy cooperation and advancing renewable energy initiatives in Southeast Asia.
The project will utilize solar power from Indonesia to generate clean energy for Singapore, contributing to regional sustainability goals.
Additionally, Singa will supply solar PV energy for domestic use in a green industrial complex in Riau, Indonesia.
This effort aligns with Indonesia’s national plan to increase renewable energy use from 13 percent in 2023 to 31 percent by 2050 and support the transition to net-zero emissions by 2060.
Olivier Jouny, Senior Vice President of Renewables at TotalEnergies, expressed excitement about the partnership with RGE, highlighting its contribution to energy transition goals in both Singapore and Indonesia.
The project supports TotalEnergies’ integrated energy strategy, which aims to provide clean and reliable electricity through a combination of solar power and battery storage systems for corporate clients under power purchase agreements.
William Goh, Global Head of Renewable Energy, emphasized that the collaboration offers solutions benefiting both Indonesia and Singapore by supplying environmentally friendly electricity, reducing carbon emissions, and supporting clean energy transition targets.
He also noted that the project would drive investment, create jobs, and contribute to the development of the solar energy supply chain in Indonesia.
With this Conditional Approval from EMA, TotalEnergies and RGE will accelerate project development and work towards the successful delivery of green electricity to both Indonesia and Singapore.
