SINGAPORE, Singapore-based Equator Renewables Asia and China’s state-owned CRE International (CREI), a subsidiary of China National Nuclear Corp, have teamed up to develop a major solar and battery project in Indonesia’s Riau Islands to export clean electricity to Singapore.
The partners plan to complete construction of a 900-megawatt (MW) solar photovoltaic (PV) plant and a 1.2 gigawatt-hour (GWh) battery energy storage system (BESS) by 2029, which will generate about 830 GWh of renewable energy annually, Equator said in a statement on Tuesday.
Under the collaboration, CREI will lead investments, construction, and operations for the solar and battery facilities, while Equator will oversee transmission and coordinate power offtake arrangements.
The multibillion-dollar project marks Equator’s first under Singapore’s cross-border renewable energy import initiative with Indonesia. The company is among six firms granted conditional approval to supply low-carbon electricity to Singapore.
Financial terms were not disclosed. Cross-border grid links are seen as vital for Southeast Asia’s energy transition, reducing the region’s dependence on fossil fuels.
Singapore aims to import around six gigawatts (GW) of low-carbon electricity by 2035, representing roughly one-third of its power needs. The city-state currently sources about 1% of its clean power from Malaysia.
