As demand for renewable energy grows globally, several emerging markets are positioning themselves as leaders in exporting solar power. Most notably, Indonesia appears to be leading the charge. In recent months five giant solar power-export projects have been proposed in the country.
One project, announced in mid-April, saw Singaporean renewable energy provider Quantum Power Asia and Berlin-based Ib Vogt agree to a $5bn deal to export solar power to Singapore.
The proposal involves constructing a 3.5-GW solar park and a 12-GWh battery storage facility across 4000 ha of land on Indonesia’s Riau Islands. The generated power would then be exported to Singapore via an undersea cable.
Another agreement was announced in January, when Masdar, a UAE company focused on renewable energy, signed a memorandum of understanding with Singapore-based Tuas Power, French energy group EDF and state-owned utility Indonesia Power to explore the potential of exporting solar power from Indonesia to … Read more