SP Group And EDF Partners To Develop 1,000MWp Solar PV Plant

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SP Group (SP) signed a Memorandum of Understanding (MOU) with EDF Group (EDF) to jointly develop a subsea transmission cable to support renewable energy import from Indonesia. The infrastructure aims to facilitate future electricity import from Indonesia, starting from a proposed 1,000MWp solar photovoltaic plant to be developed by a consortium of partners led by EDF Renewables, a subsidiary of EDF.

As part of the MOU, SP and EDF will embark on commercial, regulatory and technical
feasibility studies for the subsea cable, and explore opportunities to widen the
interconnection to other neighbouring clean energy generation sources in Indonesia to
improve economies of scale. When completed, the subsea transmission cable will be a
a key enabler for regional power system integration, ensuring scalable grid connection
capacity from Indonesia.

Mr. Jean-Philippe Buisson, Senior Vice President, Asia, EDF International, said, “This
partnership with SP Group is in line with EDF Group’s ambitions of promoting cross-border interconnection globally which supports the flow of renewable energy. EDF looks forward to mobilizing its comprehensive expertise, both technically and commercially, to support the implementation of this common subsea transmission cable between Singapore and Indonesia with our best practices and past experiences. We are proud to contribute to this development, as the decarbonization of energy is at the heart of our business ambition.”

SP’s Group CEO, Mr. Stanley Huang, said, “We are honoured to partner with EDF to support the import of green energy from Indonesia into Singapore. The subsea transmission cable will be an important part of the regional grid interconnection and allow us to better plan for future network requirements to maintain our reliability standard. We look forward to working closely with EDF on the feasibility studies.”

About SP Group

SP Group is a leading utility group in the Asia Pacific, empowering the future of energy
with low-carbon, smart energy solutions for its customers. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and sustainable energy solutions in Singapore and China.

As Singapore’s national grid operator, about 1.6 million industrial, commercial and
residential customers benefit from its world-class transmission, distribution and market
support services. These networks are amongst the most reliable and cost-effective worldwide. Beyond traditional utility services, SP Group provides a suite of sustainable and renewable energy solutions such as microgrids, cooling, and heating systems for business districts and residential townships, solar energy solutions, electric vehicle fast charging, and digital energy solutions for customers in Singapore and the region.

About EDF

As a major player in energy transition, the EDF Group is an integrated energy company
active in all businesses: generation, transmission, distribution, energy trading, energy sales, and energy services. EDF Group is a world leader in low-carbon energy, having developed a diverse production mix based mainly on nuclear and renewable energy (including hydropower). It is also investing in new technologies to support energy transition.

EDF’s raison d’être is to build a net zero-carbon energy future with electricity and innovative solutions and services, to help save the planet and drive well-being and economic development. The Group is involved in supplying energy and services to approximately 37.9 million customers, of whom 28.7 million are in France. It generated consolidated sales of €69.0 billion in 2020. EDF is listed on the Paris Stock Exchange.

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