JAKARTA/ SINGAPORE: In a landmark collaboration to boost Southeast Asia’s renewable energy ambitions, TotalEnergies and RGE have entered into a Co-Investment Agreement to jointly develop a utility-scale solar photovoltaic (PV) power plant and battery energy storage system (BESS) in Indonesia’s Riau Province. The agreement was formalised through their 50:50 joint venture, Singa Renewables (Singa), and marks a significant step towards enhancing regional energy security and sustainability.
and Member of the Executive Committee at TotalEnergies (left) announced a Co-
Investment Agreement between RGE and TotalEnergies in the presence of Indonesian
President Prabowo Subianto and French President Emmanuel Macron at the
Presidential Palace in Jakarta on Wednesday, 28 May 2025. The Co-Investment
Agreement outlines the joint development of a solar power plant and battery energy
storage project in Indonesia.
Signed at the Presidential Palace in Jakarta and witnessed by Indonesian President Prabowo Subianto and French President Emmanuel Macron, the agreement highlights high-level bilateral support for the project. The development will be rolled out in phases, delivering green electricity for domestic and cross-border consumption.
“Our utility-scale project underscores TotalEnergies’ commitment to supporting the region’s energy transition while ensuring energy security,” said Helle Kristoffersen, President Asia and Member of the Executive Committee, TotalEnergies. “This initiative will contribute meaningfully to the ASEAN Power Grid vision.”
Imelda Tanoto, Managing Director at RGE, added, “This collaboration is closely aligned with Indonesia’s National Transformation Strategy (Asta Cita), supporting green energy self-sufficiency and value-added services for its bio-based industries. Beyond decarbonisation, it will help create skilled local jobs and drive long-term economic value.”
Driving Green Industry and Regional Integration
Once completed, the project will:
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Supply clean energy to green industrial complexes in Riau Province, supporting Indonesia’s decarbonisation and economic growth goals.
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Export solar energy to Singapore, strengthening regional renewable energy cooperation and contributing to ASEAN’s clean energy agenda.
Catalysing Economic and Workforce Transformation
The initiative is expected to:
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Position Indonesia as a renewable energy hub, building local expertise in solar, energy storage, engineering, and grid integration.
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Enhance regional energy integration by supporting ASEAN’s cross-border clean energy ambitions.
With robust governmental backing and a strong commitment to sustainable development, the TotalEnergies-RGE partnership represents a bold move towards transforming Southeast Asia’s energy landscape.
