Vanda RE Seeks Singapore Offtakers for 2 GW Solar-Storage Project in Indonesia

Singapore-based Vanda RE Pte Ltd is in talks with potential buyers in Singapore for clean energy from its planned 2 GWp solar and 4.4 GWh battery storage facility in Indonesia’s Riau Islands.

According to Enda Ginting, Indonesia country manager at co-developer Gurīn Energy Pte Ltd, discussions are underway with parties interested in securing 300 MW of steady, non-intermittent green power once the project comes online.

The USD 3 billion Vanda Solar & Battery Project is being jointly developed by Gurīn Energy and Malaysia’s Gentari International Renewables Pte Ltd. It forms part of a broader Indonesia–Singapore green electricity corridor, and is among several projects granted conditional import licenses by Singapore’s Energy Market Authority to bring 2 GW of low-carbon electricity from regional sources.

Slated for commissioning by 2028, the project will supply 300 MW of alternating current—enough to power roughly 584,000 four-room HDB flats in Singapore each year. While Vanda RE has not named potential offtakers, Ginting said market interest has been strong. The company is finalising permits and advancing work with contractors and suppliers as it moves into late-stage development.

Beyond exporting clean power to Singapore, the project is also expected to boost Indonesia’s position as a Southeast Asian cleantech hub by driving demand for locally manufactured solar panels and batteries. Ginting noted that this could encourage top-tier global cleantech players to invest in Indonesian supply chains and industries.

Indonesia aims for 74% renewable energy by 2034 under its national Electricity Supply Business Plan, with solar as a key component. In 2023, the country generated 27.89 TWh of clean electricity out of 329.58 TWh total, according to Our World in Data. From 2013 to 2023, it attracted $3.54 billion in cross-border energy investment, primarily from Japan, China, and South Korea, according to Zero Carbon Analytics.

The project’s engineering scope is being led by Black & Veatch Corp., which will design and procure systems for the solar PV array, BESS, inverters, substations, transmission lines, and other infrastructure. Battery supply will partly come from Contemporary Amperex Technology Co. Ltd. (CATL), which will deliver up to 2.2 GWh of its EnerX BESS solutions.

Black & Veatch Asia-Pacific managing director Jerin Raj said the focus will be on identifying and mitigating risks early to ensure smooth project execution.