, Indonesia
599 views
Imelda Tanoto, Managing Director at RGE (right) and Helle Kristoffersen, President Asia 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. Photo from press release.

RGE and TotalEnergies team up for solar, energy storage project in Indonesia

The project is under a develop, build, and operate arrangement.

RGE and TotalEnergies, through their equally owned joint venture Singa Renewables, have entered into a co-investment agreement for a solar power plant with battery energy storage system (BESS) in Riau Province, Indonesia.

In a joint statement, the companies said the utility-scale project, which is under a develop, build, and operate deal, will be constructed in phases.

“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,” said Imelda Tanoto, managing director at RGE.

Helle Kristoffersen, president Asia and member of the executive committee at TotalEnergies, also said the “project aims to drive the development of regional renewable energy infrastructure and advance the ASEAN Power Grid vision.”

Upon completion, the project will supply clean power to green industrial complexes in Riau Province. Solar energy will also be exported to Singapore.

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.