TotalEnergies and RGE, through their equally-owned joint venture Singa Renewables (Singa), have entered into a Co-Investment Agreement to develop, build and operate a solar photovoltaic (PV) power plant with a battery energy storage system (BESS) in Riau Province, Indonesia. The utility-scale project will be constructed in phases.
The Co-Investment Agreement between RGE and TotalEnergies was officially signed on 28 May 2025 at the Presidential Palace and announced in the presence of Indonesian President Prabowo Subianto and French President Emmanuel Macron, underscoring the project’s significance and the high-level government support from both countries.
“Our utility-scale project underscores TotalEnergies’ commitment to supporting the region’s energy transition efforts, while ensuring energy security. This project aims to drive the development of regional renewable energy infrastructure and advance the ASEAN Power Grid vision,” said Helle Kristoffersen, President Asia and Member of the Executive Committee, TotalEnergies.
“We are taking meaningful steps to advance regional connectivity and contribute to the acceleration of the energy transition in the region. Our Co-Investment Agreement reflects our strong alignment with Indonesia’s National Transformation Strategy (Asta Cita) – supporting green energy self-sufficiency and its bio-based resources industry through high value-added services. We aim to unlock long-term economic value for Indonesia by driving investment, develop Indonesia’s solar energy value chain and create skilled expertise in renewables,” said Imelda Tanoto, Managing Director at RGE.
Powering Green Industry and Regional Energy Security
Upon completion, the project will provide:
- Significant green energy supply for domestic consumption to power green industrial complexes in Riau Province, supporting Indonesia’s efforts to drive economic growth and decarbonise key sectors.
- Clean solar energy export to Singapore, contributing towards enhancing energy cooperation and renewable energy initiatives across the region.
Driving Economic Value and Green Workforce Transformation
The project is expected to:
- Position Indonesia as a global renewables hub through the creation of skilled jobs in renewables, BESS, engineering, and grid integration in Indonesia, in addition to developing the country’s solar and energy storage supply chain capabilities.
- Support wider ASEAN ambitions for cross-border clean energy cooperation and energy integration.
