Singapore’s Energy Market Authority (EMA) on September 8 gave conditional approvals for five companies to import 2 gigawatt (GW) of low-carbon electricity from Indonesia.
The five companies managing the projects are Pacific Medco Solar (formed by PacificLight Renewables, Medco Power Global and Gallant Venture), Adaro Solar International (formed by PT Adaro Clean Energy Indonesia), EDP Renewables APAC, Vanda RE (formed by Gurin Energy and Gentari International Renewables) and Keppel Energy. Their import capacities have been approved at 0.6GW, 0.4GW, 0.4GW, 0.3GW and 0.3GW, respectively.
With these projects, solar photovoltaics (PV) and battery energy storage systems (BESS) manufacturing plants will be set up in Indonesia. The EMA added that these projects will aim to start commercial operations from the end of 2027. The companies will next conduct marine surveys on the proposed route for their subsea power cables, as approved by the Indonesian authorities.
The conditional approvals are built on related memoranda of understandings (MOUs) between Singapore and Indonesia, including one on low-carbon energy and cross-border electricity interconnection signed on September 8 by Indonesia’s Minister of Energy and Mineral Resources Arifin Tasrif and Singapore’s Second Minister for Trade and Industry Tan See Leng on the sidelines of the Indonesia Sustainability Forum held in Jakarta on September 7-8.