Singa Renewables ( Singa ), a joint venture ( JV ) between Singapore-headquartered RGE and French multinational integrated energy company TotalEnergies, has been granted a conditional licence from Singapore’s Energy Market Authority ( EMA ) to import up to 1 gigawatt ( GW ) of solar photovoltaic energy from Indonesia to Singapore.

The JV also inked a memorandum of understanding with Singapore Energy Interconnections, a newly incorporated company appointed by the Singapore government, to jointly develop a subsea interconnector to enable electricity imports from Indonesia to Singapore.

Singa will aim to contribute towards Singapore’s overall efforts to decarbonize the power sector, with EMA targeting to import around 6GW of low-carbon electricity by 2035.

In Indonesia, the project will also provide clean electricity to power green industrial complexes in Riau province, supporting Indonesia’s efforts to decarbonize key sectors, and it aligns with the country’s target to grow its renewable energy share from 13% in 2023 to 31% by 2050.

“The project will contribute to Singapore’s goal of reaching net-zero emissions by 2050, while supporting Riau province’s economic development in Indonesia,” says Helle Kristoffersen, TotalEnergies’ Asia president. “This initiative also illustrates TotalEnergies’ commitment to the energy transition and security of supply in Asean [Association of Southeast Asian Nations].”

Imelda Tanoto, RGE’s managing director, adds: “We’re doing our part to accelerate the region’s clean energy transition. 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.”