Sembcorp to develop 1 GWp of solar plus storage in Indonesia with regional partners

• Singapore's Sembcorp Industries Ltd (SGX: U96) has teamed up with two Indonesian companies to develop 1 GWp of solar power in Indonesia for the regional market and export to Singapore.

The Singapore-based energy and urban solutions carrier on Monday claimed it has signed a special joint growth agreement with Batam's utility firm PT PLN Batam as well as Indonesian renewables developer PT Trisurya Mitra Bersama (Suryagen) to develop a huge solar-plus-storage project in Indonesia's Batam, Bintan as well as Karimun (BBK) location.

The project will include concerning 1 GWp of solar capability as well as a large energy storage space system. It will provide eco-friendly power to the neighborhood communities and also is recommended to export power via subsea cables to Singapore.

According to the news, the signing was participated in by Indonesia's Minister for Energy as well as Mineral Resources Arifin Tasrif as well as Singapore's Minister for Manpower and also Second Minister for Trade and also Industry Tan See Leng.

Indonesia intends to add 4.7 GW of solar capability by 2030 under its lately released 2021-2030 power purchase plan. It has a target of 23% renewables mix by 2025.

The project is additionally in accordance with Singapore's strategy to utilize local tidy energy sources and also could sustain its tidy energy transition, Sembcorp Industries said.