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Vanda RE Obtains Conditional License for Major Solar and Battery Initiative to Power Singapore

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Vanda RE Pte Ltd, a joint venture predominantly owned by Gurīn Energy, has received a Conditional Licence from Singapore’s Energy Market Authority (EMA). This licence, awarded at the Indonesia International Sustainability Forum last week, confirms the technical and commercial viability of Vanda RE’s large-scale solar and battery project, adhering to regulatory standards in both Indonesia and Singapore. The company had previously secured Conditional Approval from the EMA in 2023.


This achievement represents a major advancement for Vanda RE, which recently finalized a significant agreement with Trina Solar, a prominent global manufacturer of solar panels. The deal ensures the supply of 1.2GW of cutting-edge solar photovoltaic panels for the Vanda Solar & Battery Project.


Expected to become one of the world’s largest solar and battery storage installations, the project will feature 2,000MW of solar PV capacity and 4,400MWh of battery storage. It is scheduled to commence operations by 2028 and will provide Singapore with 300MW of zero-emission electricity, enough to power 390,000 homes each year. This initiative is part of a broader effort between Indonesia and Singapore to create a green electricity trading corridor.


Assaad Razzouk, CEO of Gurīn Energy, highlighted the significance of these accomplishments: “The Conditional Licence reflects the substantial progress made by Vanda RE and our partners. With the framework supply agreement with Trina Solar and the EMA’s licence approval, we are advancing towards delivering 100% renewable energy to Singapore by 2028.”


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