Singapore's Royal Golden Eagle (RGE) and France's TotalEnergies announced on May 28, 2025, that their joint venture, Singa Renewables, will develop a utility-scale solar and battery project in Indonesia's Riau Province. This marks a significant expansion of their renewable energy footprint.
The project aims to combine intermittent solar energy with flexible battery storage, enhancing grid stability and providing reliable power. This integrated approach is crucial for meeting the growing demand for clean and consistent electricity in the region.
For investors, this initiative highlights TotalEnergies' commitment to growing its integrated power business in Southeast Asia, a region with substantial energy demand growth. It demonstrates the company's capability to develop comprehensive renewable energy solutions, including storage.
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