Published on April 23, 2026, by Tempo English
TEMPO.CO, Jakarta – Indonesia’s sovereign wealth fund, Danantara, is seeking to participate in a large-scale renewable energy partnership with Singapore, with the project’s total investment value estimated at around US$30 billion (approximately Rp518.74 trillion).
Chief Investment Officer Pandu Sjahrir said investor interest in the proposed green electricity project remains strong. The initiative includes the development of solar panel infrastructure and cross-border transmission networks.
“We will execute and assess energy exports to Singapore, particularly in solar panel projects, which could become one of the largest in ASEAN,” Pandu said at the Fitch Ratings Annual Indonesia Conference in Jakarta on Thursday.
He added that Danantara’s involvement would also cover the construction of transmission lines linking Indonesia and Singapore.
“We will take part and help build transmission networks both for Singapore and for our own domestic needs. The project value is expected to reach nearly US$30 billion,” he said.
However, Pandu emphasized that technical details and cooperation schemes are still under discussion, as several private companies have already secured preliminary agreements with Singaporean authorities.
He noted that the initiative builds on earlier commitments to develop solar panel projects discussed during the Indonesia Sustainability Forum.
According to Pandu, the Indonesia–Singapore partnership is expected to generate significant added value for Indonesia, including the development of domestic solar manufacturing capacity.
“This cooperation could bring substantial value to Indonesia. We will also need to produce solar panels domestically, which means added benefits for the country,” he said.