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Sukanto Tanoto's Royal Golden Eagle (RGE) and French energy company TotalEnergies, signed a joint investment agreement to develop, build, and operate a solar power plant (SPP) and battery energy storage system (BESS) in Riau Province through their joint venture Singa Renewables Pte Ltd.
The joint investment agreement was officially signed on May 28, 2025, at the Merdeka Palace in Central Jakarta Administrative City, Jakarta Special Capital Region (DKI), and announced in the presence of Indonesian President Prabowo Subianto and French President Emmanuel Macron.
RGE Managing Director Imelda Tanoto stated that the agreement was part of the company's steps to strengthen regional connectivity and contribute to accelerating energy transition in the region. She added that it also reflects RGE's support for green energy independence and the development of bio-based industries through high value-added facilities.
"We are committed to creating long-term economic value for Indonesia through increased investment, development of the solar energy value chain in Indonesia, and fostering experts in the field of renewable energy," said Imelda in a press release.
On the same occasion, Total President Asia and Executive Committee Member Helle Kristoffersen said that the large-scale solar power project is a realization of the company's commitment to support energy transition efforts while ensuring energy security in the Association of Southeast Asian Nations (ASEAN) region.
"The existence of this project is expected to encourage the development of regional infrastructure in the field of renewable energy while bringing us closer to the grand vision of the ASEAN Power Grid," said Kristoffersen.
The project is targeted to provide a supply of renewable energy for domestic consumption, including for the green industrial area in Riau province, in line with Indonesia's efforts to encourage economic growth and decarbonization of key sectors. It is also expected to open up opportunities for solar power exports to Singapore, as a form of energy cooperation and renewable energy initiatives among ASEAN members.