Vanda RE receives conditional approval for cross-border clean energy project
Gentari International Renewables and Gurin Energy co-owned entity receives conditional approval from Singapore’s Energy Market Authority for 300MW project
KUALA LUMPUR, Malaysia – 22 September 2023 – Gentari International Renewables Pte Ltd and Gurin Energy Pte Ltd, have received conditional approval for a new cross-border renewable energy project from Singapore’s Energy Market Authority (EMA), via their joint venture entity, Vanda RE Pte Ltd. The approval was obtained for a 300MW (0.3GW) power generation project on Indonesia’s Riau Islands – part of a joint effort by the Singapore and Indonesian governments, to establish a green electricity trading corridor between the two countries.
Gentari International Renewables is a wholly-owned subsidiary of Malaysian clean energy solutions company, Gentari Sdn Bhd, while Gurin Energy is a Singapore-based renewable energy company. The companies are among the five that were granted the said approvals.
Vanda RE’s project targets to deliver 300MW of non-intermittent renewable energy to the Singapore market beginning 2027, and is underpinned by 2,000MW of solar photovoltaic installed capacity and supported by approximately 4,400MWh of battery storage, one of the largest such planned projects in the world. Vanda RE’s conditional approval is a continuation of the governmental cooperation between Singapore and Indonesia in the energy sector.
“This approval from the EMA will further strengthen Gentari and Gurin Energy’s commitment to transforming the energy landscape in Southeast Asia and fostering a more sustainable future. In the dynamic renewables sector, we rely on robust policies, frameworks and strong partnerships to scale our projects to reduce carbon footprints across borders. We’re delighted be part of this initiative to generate progress towards creating a sustainable world for all,” Gentari’s Chief Renewables Officer Low Kian Min, said.