Sunseap Group signs a Memorandum of Understanding with International partners

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Sunseap Group signed a Memorandum of Understanding (MoU) with various local and international partners to explore and develop a combined capacity of 7 gigawatt-peak (GWp) of solar power systems around the Riau islands including the previously announced 2.2GWp floating solar PV in Duriangkang, Batam. 

The combined capacity of 7 gigawatt-peak (GWp) solar power system is one of the largest cross-border interconnect clean energy project in Southeast Asia and will help Singapore and Indonesia in meeting their green goals. 

Some of the prominent MoU parties include PT Mustika Combol Indah, PT Agung Sedayu, Sumitomo Corporation, Samsung C&T Corporation, Oriens Asset Management and Durapower Group. 

Some of the islands in the Riau Archipelago being considered for the project include Citlim and Combol. The plan is to pipe the low-carbon energy to Singapore via a proposed new subsea power cable. 

When completed, this project, comprising of several large scale solar photovoltaic (PV) systems and energy storage facility across Riau Islands, will have a combined solar photovoltaic (PV) capacity of 7 GWp. Coupled with multiple energy storage systems totaling more than 12GWhr, it aims to provide 1 GigaWatt (GW) of non-intermittent low-carbon clean energy for Singapore and Indonesia. 

By linking the solar PV systems from the various islands, the consortium is able to achieve economies of scale and thus further optimizing the capacity of a new subsea cable to Singapore. This will help bring down the cost of transmission, thus reducing the cost of low-carbon electricity imports into Singapore and ultimately resulting in more affordable low-carbon electricity for consumers in Singapore. 

The consortium aims to match the low-carbon electricity imports into Singapore requirements of 1.2 GW by 2027 and another 2.8 GW by 2035 as mentioned earlier this week by Mr Gan Kim Yong, Minister of Trade and Industry (Singapore). This brings the total requirement of low-carbon electricity imports into Singapore to 4 GW and will be rolled out by the Energy Market Authority (EMA) in 2 separate request for proposals (RFP). The consortium aims to be one of the parties to help fulfil 20-25% of the 4 GW of low-carbon electricity imports to Singapore. 

The consortium led by Sunseap signed the MoU today as part of the Asian Clean Energy Summit held at the Sands Expo and Convention Centre. 

Frank Phuan, Co-Founder and Chief Executive Officer of Sunseap, said: “This will be one of the most consequential clean energy project for Singapore and Indonesia. By linking various solar islands to eventually create a 7GWp system, we are able to further optimize the subsea cable, leading to reduced cost of transmission and hence bring more affordable low-carbon clean energy to everyone in Singapore and Indonesia. Through this arrangement, the combined generation capacity will be able to generate and transmit 1GW of non-intermittent clean energy for both Singapore and Indonesia, establishing both Singapore and Batam as a clean energy gateway and hub in ASEAN and paving the way towards an ASEAN Green Power Grid.” 

Durapower, one of the partners, is a global leader in battery storage and it is envisaged to contribute and help build the many energy storage facilities required to create the 1 GW non-intermittent low-carbon electricity in Singapore. 

The generation capacity of this 7GWp of clean energy will also take place over various commissioning and operational stages to promote a phased approach to the injection of clean energy. Riau islands will consequentially be able to support and commence on various green initiatives on industries such as data centres and zero-carbon electronics productions. 
Sunseap is also exploring more areas around the Riau islands to increase the overall capacity and further optimize the designated capacity of the subsea cable. 

Received from Press Release

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