TotalEnergies and RGE, through their equally-owned joint venture Singa Renewables (Singa), have entered into a Co-Investment Agreement to jointly develop, construct, and operate a solar photovoltaic (PV) power plant integrated with a battery energy storage system (BESS) in Riau Province, Indonesia. This large-scale renewable energy project will be developed in multiple phases to ensure efficient implementation and long-term sustainability.
The official signing of the Co-Investment Agreement took place on 28 May 2025 at the Presidential Palace, and the announcement was made in the presence of Indonesian President Prabowo Subianto and French President Emmanuel Macron. Their attendance highlights the strong governmental support for the project from both Indonesia and France, and reinforces the significance of this collaboration in advancing clean energy goals.
Once completed, the solar PV and BESS project is expected to deliver a reliable supply of green electricity for domestic use, particularly to support the growing network of green industrial complexes in Riau. This aligns with Indonesia’s broader vision of promoting economic growth while reducing carbon emissions in key sectors. Additionally, part of the generated solar energy will be exported to Singapore, strengthening cross-border energy collaboration and contributing to the region’s renewable energy transition.
Helle Kristoffersen, President Asia and Member of the Executive Committee, TotalEnergies, stated, “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.”
Imelda Tanoto, Managing Director at RGE, mentioned, “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.”
Beyond its environmental benefits, the project is set to create economic value by generating skilled employment opportunities in the fields of renewable energy, battery storage technology, engineering, and power grid integration. It also aims to support the development of Indonesia’s solar and energy storage supply chain. By doing so, the initiative will not only help Indonesia position itself as a regional hub for renewable energy but also contribute to ASEAN’s wider objectives of clean energy cooperation and regional energy integration.
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