Indonesia, Singapore Sign Major Cross-Border Green Energy Deals

Indonesia and Singapore have signed multiple Memoranda of Understanding (MOUs) to deepen cooperation on renewable energy, marking a major step in their green energy partnership. The agreements focus on cross-border trade of low-carbon electricity, primarily solar power from Indonesia's Riau Islands, carbon capture and storage (CCS), and the development of sustainable industrial zones near Singapore. Indonesia aims to export up to 3.4 gigawatts of clean electricity by 2035, which will drive significant investment, boost economic growth, and promote environmental sustainability in the region. The carbon capture and storage cooperation could become Asia's first cross-border CCS project, supported by energy firms like BP, ExxonMobil, and Indonesia's Pertamina. Both countries have committed to establishing regulatory frameworks and business arrangements to facilitate these initiatives, with joint task forces and working groups studying implementation details. Singapore’s Minister Tan See Leng described the deals as a reflection of mutual trust and a concrete step toward a low-carbon, resilient future that benefits both economies.