Royal Golden Eagle (RGE) has entered into a co-investment agreement with TotalEnergies to develop a utility-scale solar photovoltaic (PV) power plant coupled with a battery energy storage system (BESS) in Riau Province, Indonesia.
The agreement was signed through RGE and TotalEnergies’ equally-owned joint venture, Singa Renewables.
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The solar PV project will be constructed in phases. It is expected to supply substantial green energy for domestic use, particularly to power green industrial complexes within Riau Province.
This aligns with Indonesia’s goals of stimulating economic growth and reducing carbon emissions in critical sectors.
The project will also facilitate the export of clean solar energy to Singapore, thereby contributing to regional energy cooperation and renewable energy initiatives.
The project also aligns with broader Association of Southeast Asian Nations (ASEAN) objectives of fostering cross-border clean energy collaboration and energy integration.
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By GlobalDataRGE managing director Imelda Tanoto stated: “We are taking meaningful steps to advance regional connectivity and contribute to the acceleration of the energy transition in the region.
“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.
“We aim to unlock long-term economic value for Indonesia by driving investment, developing Indonesia’s solar energy value chain and creating skilled expertise in renewables.”
The project aims to establish Indonesia as a key player in the global renewable energy market by creating skilled jobs in renewables, BESS, engineering and grid integration, and enhancing the country’s capabilities in the solar and energy storage supply chain.
TotalEnergies Asia president and executive committee member Helle KRISTOFFERSEN stated: “Our utility-scale project underscores TotalEnergies’ commitment to supporting the region’s energy transition efforts, while ensuring energy security. This project aims to drive the development of regional renewable energy infrastructure and advance the ASEAN Power Grid vision.”
In April 2025, TotalEnergies acquired three renewable energy portfolios across Europe, Africa and North America.
