Latest news with #RGE
Associated Press
a day ago
- Business
- Associated Press
Indonesia-Singapore: TotalEnergies and RGE Reach New Milestone in Large-Scale Solar and Battery Storage Project
PARIS & SINGAPORE--(BUSINESS WIRE)--May 30, 2025-- TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and RGE, a group operating in the bio-based resources and energy sectors, are pleased to announce that Singapore's Energy Market Authority (EMA) has awarded their equally-owned joint venture Singa Renewables ('Singa') a conditional licence to import 1 GW of renewable power from Indonesia. Today, the partners also signed a Memorandum of Understanding with Singapore Energy Interconnections (SGEI) to jointly develop a subsea interconnector, enabling electricity imports from Indonesia to Singapore. The partners had previously signed a Co-Investment Agreement to develop, build and operate a hybrid renewable power plant comprising a solar farm, Battery Energy Storage System (BESS), and a subsea cable in Riau Province, Indonesia, during an official ceremony in Jakarta on May 28 th, 2025, in the presence of French President Emmanuel Macron and Indonesian President Prabowo Subianto. A flagship initiative for the decarbonization of local industries The project will supply Clean Firm Power to energy-intensive consumers in Singapore and to industrial complexes near the solar site in Riau Province, Indonesia. Throughout the project's development, the partners will harness TotalEnergies' global expertise in large-scale energy projects while leveraging RGE's wide footprint in Indonesia and Singapore. 'I would like to thank the Singapore authorities for granting the necessary licences for this landmark electricity import project, that we are pleased to develop with our partner RGE,' said Helle Kristoffersen, President Asia and Executive Committee Member at TotalEnergies. 'The project will contribute to Singapore's goal of reaching net zero emissions by 2050, while supporting Riau Province's economic development in Indonesia. This initiative also illustrates TotalEnergies' commitment to ASEAN's energy transition and security of supply.' 'We are doing our part to accelerate the region's clean energy transition,' said Imelda Tanoto, Managing Director at RGE. '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.' @TotalEnergiesTotalEnergiesTotalEnergiesTotalEnergies View source version on CONTACT: TotalEnergies Contacts Media Relations: +33 (0)1 47 44 46 99 [email protected]@TotalEnergiesPR Investor Relations: +33 (0)1 47 44 46 46 [email protected] KEYWORD: INDONESIA FRANCE SINGAPORE SOUTHEAST ASIA ASIA PACIFIC EUROPE INDUSTRY KEYWORD: OTHER ENERGY TECHNOLOGY UTILITIES BATTERIES ALTERNATIVE ENERGY ENERGY SOURCE: TOTALENERGIES SE Copyright Business Wire 2025. PUB: 05/30/2025 09:24 AM/DISC: 05/30/2025 09:23 AM
Business Wire
a day ago
- Business
- Business Wire
Indonesia-Singapore: TotalEnergies and RGE Reach New Milestone in Large-Scale Solar and Battery Storage Project
PARIS--(BUSINESS WIRE)-- TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and RGE, a group operating in the bio-based resources and energy sectors, are pleased to announce that Singapore's Energy Market Authority (EMA) has awarded their equally-owned joint venture Singa Renewables ('Singa') a conditional licence to import 1 GW of renewable power from Indonesia. Today, the partners also signed a Memorandum of Understanding with Singapore Energy Interconnections (SGEI) to jointly develop a subsea interconnector, enabling electricity imports from Indonesia to Singapore. The partners had previously signed a Co-Investment Agreement to develop, build and operate a hybrid renewable power plant comprising a solar farm, Battery Energy Storage System (BESS), and a subsea cable in Riau Province, Indonesia, during an official ceremony in Jakarta on May 28th, 2025, in the presence of French President Emmanuel Macron and Indonesian President Prabowo Subianto. A flagship initiative for the decarbonization of local industries The project will supply Clean Firm Power to energy-intensive consumers in Singapore and to industrial complexes near the solar site in Riau Province, Indonesia. Throughout the project's development, the partners will harness TotalEnergies' global expertise in large-scale energy projects while leveraging RGE's wide footprint in Indonesia and Singapore. 'I would like to thank the Singapore authorities for granting the necessary licences for this landmark electricity import project, that we are pleased to develop with our partner RGE,' said Helle Kristoffersen, President Asia and Executive Committee Member at TotalEnergies. 'The project will contribute to Singapore's goal of reaching net zero emissions by 2050, while supporting Riau Province's economic development in Indonesia. This initiative also illustrates TotalEnergies' commitment to ASEAN's energy transition and security of supply.' 'We are doing our part to accelerate the region's clean energy transition,' said Imelda Tanoto, Managing Director at RGE. '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.' TotalEnergies and electricity TotalEnergies is building a competitive portfolio that combines renewables (solar, onshore wind, offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. As of the end of March 2025, TotalEnergies has 28 GW of installed gross renewable electricity generation capacity and aims to reach 35 GW by the end of 2025, and more than 100 TWh of net electricity production by 2030. About TotalEnergies TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to providing as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. @TotalEnergies TotalEnergies TotalEnergies TotalEnergies Cautionary Note The terms 'TotalEnergies', 'TotalEnergies company' or 'Company' in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words 'we', 'us' and 'our' may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC). TotalEnergies Contacts Media Relations: +33 (0)1 47 44 46 99 l presse@ l @TotalEnergiesPR Investor Relations: +33 (0)1 47 44 46 46 l ir@
Yahoo
a day ago
- Business
- Yahoo
RGE and TotalEnergies to develop solar PV plant with BESS in Indonesia
Royal Golden Eagle (RGE) has entered into a co-investment agreement with TotalEnergies to develop a utility-scale solar photovoltaic (PV) power plant coupled with a battery energy storage system (BESS) in Riau Province, Indonesia. The agreement was signed through RGE and TotalEnergies' equally-owned joint venture, Singa Renewables. The solar PV project will be constructed in phases. It is expected to supply substantial green energy for domestic use, particularly to power green industrial complexes within Riau Province. This aligns with Indonesia's goals of stimulating economic growth and reducing carbon emissions in critical sectors. The project will also facilitate the export of clean solar energy to Singapore, thereby contributing to regional energy cooperation and renewable energy initiatives. The project also aligns with broader Association of Southeast Asian Nations (ASEAN) objectives of fostering cross-border clean energy collaboration and energy integration. RGE managing director Imelda Tanoto stated: '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, developing Indonesia's solar energy value chain and creating skilled expertise in renewables.' The project aims to establish Indonesia as a key player in the global renewable energy market by creating skilled jobs in renewables, BESS, engineering and grid integration, and enhancing the country's capabilities in the solar and energy storage supply chain. TotalEnergies Asia president and executive committee member Helle KRISTOFFERSEN 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.' In April 2025, TotalEnergies acquired three renewable energy portfolios across Europe, Africa and North America. "RGE and TotalEnergies to develop solar PV plant with BESS in Indonesia" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Reuters
a day ago
- Business
- Reuters
Singapore taps TotalEnergies-RGE JV for subsea link to import clean power from Indonesia
SINGAPORE, May 30 (Reuters) - A Singapore government-appointed company will develop a subsea interconnector with Singa Renewables, a joint venture between Royal Golden Eagle (RGE) and France's TotalEnergies ( opens new tab for low-carbon electricity imports from Indonesia. Singapore Energy Interconnections (SGEI), a company appointed by the Singapore government to oversee the development of interconnections to enable electricity imports into Singapore, said on Friday that it had inked a memorandum of understanding with Singa Renewables for the project. However, the companies did not give any financial details or say when the project would be completed in the statement. The companies said that the project supports Singapore's target of importing up to six gigawatts of low-carbon electricity by 2035 and strengthens its partnership with Indonesia in contributing to realising the vision of the ASEAN Power Grid. In a separate statement, Singa Renewables said it has been granted conditional licence from Singapore's Energy Market Authority to import up to one gigawatt of solar photovoltaic energy from Indonesia to Singapore. Earlier this week, Singapore-headquartered bio-based resources and energy group RGE and TotalEnergies announced that Singa Renewables would develop a utility-scale solar and battery project in Indonesia's Riau Province.
Business Times
a day ago
- Business
- Business Times
EMA grants conditional licence to RGE, TotalEnergies' Indonesian solar project for electricity import to Singapore
[SINGAPORE] The Energy Market Authority (EMA) on Friday (May 30) granted a conditional licence to Singa Renewables, a joint venture between RGE and TotalEnergies, to import 1 gigawatt (GW) of low-carbon electricity from Indonesia to Singapore. EMA chief executive Puah Kok Keong presented the licence to the joint venture. Eric Lombard, France's minister of the economy, finance and industry, attended the presentation. This was in conjunction with France President Emmanuel Macron's state visit to Singapore. Dr Tan See Leng, minister-in-charge of energy and science and technology, was also present. Imelda Tanoto, managing director at RGE, said the conditional licence was a key milestone, affirming its role in advancing the region's decarbonisation goals. This is the sixth electricity import project to be awarded a conditional licence, after EMA in September 2024 raised the low-carbon electricity import target to around 6 GW by 2035, up from the initial target of 4 GW announced in 2021. This is a part of Singapore's strategy to decarbonise the power sector. When the obligations in the conditional licences are fulfilled – which includes securing all necessary financing – EMA may subsequently issue the companies an electricity importer licence to commence construction and commercial operations. A NEWSLETTER FOR YOU Friday, 12.30 pm ESG Insights An exclusive weekly report on the latest environmental, social and governance issues. Sign Up Sign Up Singa Renewables, which aims to achieve commercial operations from 2029 onwards, received conditional approval from EMA in September 2024. Faith Gan, director of energy connections office at EMA, told The Business Times that the government would be open to more electricity imports beyond 6 GW as Singapore's energy demand grows beyond 2035. 'To date, EMA has granted 3 GW of conditional licences for electricity imports from Indonesia, as well as 4.35 GW of conditional approvals for electricity imports comprising 0.4 GW from Indonesia, 1 GW from Cambodia, 1.2 GW from Vietnam and 1.75 GW from Australia,' she added, highlighting different operational timelines for the projects. Gan noted that not all projects awarded conditional approvals or conditional licences will be implemented, as the importers make business decisions on whether to proceed with their plans, after more detailed analysis. EMA's Puah said: 'This (conditional) licence marks another step forward in our efforts to transform the power sector and deepen regional energy cooperation.' While electricity import projects help diversify Singapore's energy supply and reduce carbon emissions, they also bring in investment, create jobs and contribute to the growth of the clean energy sector in partner countries such as Indonesia, he added. Singapore-headquartered RGE and France's TotalEnergies on Wednesday also signed a co-investment agreement for a solar photovoltaic plant with integrated battery energy storage under Singa Renewables.
