Latest news with #RoyalGoldenEagle
Free Malaysia Today
3 days ago
- Business
- Free Malaysia Today
Singapore clears 1GW of solar imports from Indonesia
The move is part of efforts to shore up energy security via cross-border links. (Bernama pic) SINGAPORE : Singapore took a step toward importing up to 1 gigawatt of solar power from Indonesia, part of the tiny city-state's efforts to shore up energy security via cross-border links. The country's Energy Market Authority granted a conditional license to Indonesia's Singa Renewables Pte Ltd. – a joint venture between France's TotalEnergies SE and Royal Golden Eagle Pte. Ltd., according to a statement. It will also partner with Singapore Energy Interconnections Pte. Ltd. to explore building a subsea power cable between the neighbours, the statement said, without providing an investment amount or timeframe for the project. It's the latest of several planned connections in Southeast Asia aimed at carrying low-carbon energy across borders. Singapore, which depends on imported liquefied natural gas for most of its electricity, has signed deals worth billions with countries as far away as Australia to bring in up to 6 gigawatts of clean power by 2035. The country has approved 3.4 gigawatts of mostly solar energy imports from Indonesia. Earlier this week, it said it's exploring bringing in wind power from Vietnam. In February, it inked a hydropower deal with Malaysia. The subsea cable project 'strengthens its partnership with Indonesia in contributing to the Asean power grid which aims to integrate the power systems of member states in the region,' the companies said, referring to the Association of Southeast Asian Nations, of which both countries are members. The announcement came as Singapore and France signed a wide-ranging deal during President Emmanuel Macron's visit to the city-state to enhance cooperation in clean energy, defence and cyberspace.
Bloomberg
3 days ago
- Business
- Bloomberg
Singapore Clears 1GW of Solar Imports from Indonesia
Singapore took a step toward importing up to 1 gigawatt of solar power from Indonesia, part of the tiny city-state's efforts to shore up energy security via cross-border links. The country's Energy Market Authority granted conditional license to Indonesia's Singa Renewables Pte Ltd. — a joint venture between France's TotalEnergies SE and Royal Golden Eagle Pte. Ltd., according to a statement. It will also partner with Singapore Energy Interconnections Pte. Ltd. to explore building a subsea power cable between the neighbors, the statement said, without providing an investment amount or timeframe for the project.
Forbes
3 days ago
- Business
- Forbes
Billionaire Sukanto Tanoto's RGE, TotalEnergies To Build Solar Project In Indonesia
Solar panel cell. getty Royal Golden Eagle (RGE)—controlled by Indonesian billionaire Sukanto Tanoto—and French energy giant TotalEnergies agreed to develop a solar power project in Indonesia. Under the deal that was announced this week, the two companies, through their 50:50 joint venture Singa Renewables, will develop, build, and operate a solar power plant with a battery energy storage system in Indonesia's Riau Province, south of Singapore. 'We are taking meaningful steps to advance regional connectivity and contribute to the acceleration of the energy transition in the region,' Imelda Tanoto, managing director of RGE, said in the statement. The project will be constructed in phases and will supply power for green industrial estates in Riau and also export the electricity to Singapore. The company, however, didn't disclose when the project will be completed. 'Our utility-scale project underscores TotalEnergies' commitment to supporting the region's energy transition efforts, while ensuring energy security,' Helle Kristoffersen, president for Asia of TotalEnergies said. Last September, Singa Renewables secured conditional approval from Singapore's Energy Market Authority to import one gigawatt of solar-generated electricity to the city state. With a real-time net worth of $3.4 billion, Tanoto is among the wealthiest in Indonesia. His privately held RGE is a diversified conglomerate with over $35 billion in assets across pulp and paper, palm oil, and energy industries, employing 80,000 people globally. Through his real estate arm Pacific Eagle Real Estate, he has expanded his property portfolio across China, Singapore and Europe.
Reuters
5 days ago
- Business
- Reuters
Singapore's RGE, France's TotalEnergies to build solar battery project in Indonesia
May 28 (Reuters) - Singapore's Royal Golden Eagle (RGE) and France's TotalEnergies ( opens new tab said on Wednesday that their joint venture, Singa Renewables, would develop a utility-scale solar and battery project in Indonesia's Riau Province. The project, to be built in phases, will supply green energy to power industrial complexes in the Riau Province and export solar power to Singapore, boosting domestic decarbonisation efforts and strengthening regional energy cooperation. "This project aims to drive the development of regional renewable energy infrastructure and advance the ASEAN Power Grid vision," said Helle Kristoffersen, president of TotalEnergies Asia and a member of its executive committee. The agreement was signed in the presence of Indonesian President Prabowo Subianto and French President Emmanuel Macron, the parties said in a joint statement. They did not give any financial details or say when the project would be completed.
Malay Mail
5 days ago
- Business
- Malay Mail
APR Advances in Vietnam with Sustainable Textiles as Viscose and Lyocell Take Centre Stage
APR introduces its sustainably produced Viscose and Lyocell by Sateri fibres to the Vietnamese market SaigonTex 2025 represents APR's largest presence in Vietnam to date, reinforcing its commitment to the country's growing textile industry SINGAPORE - Media OutReach Newswire - 28 May 2025 -Asia Pacific Rayon (APR), a leading global manufacturer of viscose staple fibre products, has rolled out its viscose and lyocell products to potential buyers at the SaigonTex 2025 trade show, as part of a wider effort to support the creation of a more sustainable textiles sector in SaigonTex, APR, a member of the Royal Golden Eagle (RGE) group of companies, shared its global expertise with the growing local market to help create a deeper understanding of how sustainable textile fibres can contribute to the long term growth of the textile sector in APR booth, themed "Experience Lyocell, Feel the Difference", has been a focal point at SaigonTex. APR exhibited the latest developments with its APR viscose and Lyocell by Sateri fibres, focusing on responsible production and eco fashion for a wide array of Malik, APR Head of Commercial, said: "We have seen a strong interest in APR's viscose and Lyocell by Sateri, a sister company of APR. We believe that increased awareness and adaptation of these fibres hold promising opportunities to establish Vietnam as a hub for sustainable textiles, and we're excited to be a part of that journey."Amit Baid, Head of International Sales at APR, said: "Vietnam is an important market for us, not just in South East Asia, but also on the global map. The connections and insights we gained for the Vietnam market at SaigonTex 2025 are invaluable. We are committed to providing ongoing support to local businesses and developing applications as per the market dynamics."Visitors to the APR booth experienced firsthand the unique properties of these fibres and learned about the company's dedication to driving positive change in the textile industry. With the success of this exhibition, APR reaffirms its commitment towards Vietnam and the growth of the country's textile is firmly focused on sustainable practices with its APR2030 agenda, outlining four key pillars and corresponding targets for the next decade. The company strives to be a world-class Viscose Staple Fibre (VSF) manufacturer, consistently exceeding the requirements of the European Union Best Available Techniques (EU BAT) and ZDHC Man-made Cellulosic Fibre (MMCF) guidelines, setting a high bar for sustainable viscose #RGE #RoyalGoldenEagle #APR #Lyocell #EcoFashion #Sustainability #SustainableFashion #viscose #rayon #fibre The issuer is solely responsible for the content of this announcement. About APR Asia Pacific Rayon (APR), based in Indonesia, is Asia's first fully integrated viscose rayon producer, from plantation to fibre. APR, which has a capacity of 325,000 tons per year, is located in Pangkalan Kerinci, Riau Province, Indonesia. APR is committed to becoming a leading viscose staple fibre producer with the principles of sustainability, transparency and operational excellence, and serving the interests of the community, country and climate, while providing value to customers. APR is part of the RGE group of companies.
