Singapore-based company Equator Renewables Asia (ERA) and China’s CRE International Co. Ltd. (CREI)—a subsidiary of the state-owned China National Nuclear Corporation—have signed a framework agreement to jointly invest in and build a large renewable-energy project in Indonesia’s Riau Islands. The project consists of a 900 MW solar power capacity plus a 1.2 GWh battery energy storage system, with 400 MW (AC) of the output planned for export to Singapore. CREI will lead generation-side investment, construction and operation, while ERA will manage transmission and power offtake logistics. The project is expected to be completed by 2029.
This initiative forms part of Singapore’s broader strategy to import around 6 GW of low-carbon electricity by 2035, which would account for about one-third of its energy demand and support its goal of reaching net-zero emissions by 2050. ERA described the venture as a major step in fulfilling Singapore’s increasing demand for clean energy and in turning long-term vision into impact. The Riau Islands project also aligns with prior agreements between Singapore and Indonesia to develop a solar-panel industry in that region, and with broader Southeast Asian plans for cross-border electricity trade via undersea high-voltage cables.
