Quantum, ib vogt to Build 3.5 GW Solar Plus Storage Facility in Indonesia; Mulls to Export Renewable Power to S’pore

Solar projects developer Quantum Power Asia in partnership with Germany-based ib vogt is planning to build a USD 5 billion worth of solar power generation and storage facility which can export up to 4TWh of renewable energy to Singapore per year.

Furthermore, the project covering over 4,000 hectares in the Riau Islands south of Singapore will be capable of generating over 3.5 GW of solar photovoltaic (PV) and storing 12 GWh of renewable energy which is intended for export to Singapore via an undersea cable.

Anantara Energy Holdings, its joint-venture with Berlin-based ib vogt, is a long-term partnership to develop renewable energy in Indonesia and support Singapore's call to import such clean energy.

Anantara has responded to Singapore’s Energy Market Authority (EMA) RFP to obtain licenses to supply and import clean energy from neighbouring countries including Indonesia. The RFP is part of Singapore’s ongoing initiatives to achieve carbon neutrality by 2050. When fully commissioned in 2032, the proposed Anantara project is expected to deliver about 8 per cent of Singapore's annual electricity generation, thereby reducing the grid's current reliance on liquefied natural gas.

Anantara has in turn partnered with Union Power, a subsidiary of Union Energy Corporation, an electricity retailer in Singapore, which will handle connectivity of imported clean energy and related services to residential, industrial and commercial customers.

Anantara has secured agreements from corporates in Singapore, including MNCs and local businesses, to supply more than 4TWh a year of imported clean energy to meet their energy needs and achieve sustainability goals in line with RE100 commitments.

The JV is expected to benefit Indonesia and Singapore by supporting new businesses, creating up to 30,000 new jobs in Riau Islands and opening up fresh opportunities in the renewable energy sector in the region.

“We are excited to partner ib vogt and present this major integrated initiative to EMA. Should we be successful in being awarded an import licence to Singapore, we will bring up to US$5 billion of capital into Indonesia from Singapore, creating more than 30,000 jobs to build what will become the largest PV-Storage System globally to date. It will also contribute significantly to Singapore's journey towards carbon neutrality,” said Simon G. Bell, Managing Director and CEO, Quantum Power Asia.

Anton Milner, Managing Director (CEO), ib vogt, said, “This bilateral energy import initiative is a landmark project globally and will be a catalyst for the region's transformation towards clean, carbon-free energy. Based on the work done together with Quantum Power Asia and Union Energy Corporation, we are confident we have submitted a compelling proposal to EMA in order to create sustainable long-term value both for Singapore and Indonesia.”