The world's largest energy storage project is expected to settle in Indonesia to solve Singapore's power supply dilemma

With the gradual promotion of photovoltaic around the world, this renewable energy power generation model has been very popular in the market. Indonesia, which is rich in nickel, is not to be outdone and is vigorously developing its photovoltaic industry. Singapore solar developer Sunseap Group Pte has announced a plan to launch a large-scale photovoltaic project in Indonesia's Riau Islands region, when its energy storage plant will be the largest in the world.

Frank Phuan, co-founder and CEO of Singapore-based solar developer Sunseap, said the company plans to produce 7 gigawatts of solar power and 12 gigawatts of battery storage in Indonesia's Riau Islands. If the plan is realized, the scale of its energy storage project will far exceed that of Moslanding (MossLanding), the largest energy storage plant in the world.

Sunseap is a Singapore-based clean energy company that provides clean energy to government agencies and companies through solar roofs. Its customers include Amazon, Apple and Microsoft.

In addition to Sunseap, some companies have focused on photovoltaic resources in Indonesia.

It is worth noting that Indonesia has good natural conditions. In terms of renewable energy, Indonesia has great potential for geothermal, hydropower, solar energy and biofuels. In terms of solar energy, Indonesia is located in the tropical region of Southeast Asia, very close to the equator, the average solar radiation resources is about 4.8 KWhhand m2, photovoltaic power generation potential is huge.

Indonesia could theoretically produce nearly 20,000 gigawatts of solar power, more than twice the total capacity of all power plants in the world, according to an Indonesian think-tank. At the same time, the government recently said it plans to achieve 23% of its electricity from renewable energy by 2025 and increase that proportion to 31% by 2030.

Singapore, like other countries, is in the process of energy transformation and said recently that it plans to import nearly 1/3 of its electricity from low-carbon sources by 2035 to help meet climate targets.

In fact, Singapore's electricity supply comes from the outside world, which also makes the country's electricity prices subject to market fluctuations. For example, the phenomenon of global energy crunch and power shortage in many parts of the world this year has seriously affected Singapore's electricity market. At the same time, Malaysia's Ministry of Energy and Natural Resources said recently that it would only allow the export of non-renewable energy to Singapore, while the sale of electricity through clean energy would be banned in Singapore, which will exacerbate Singapore's electricity market, which is in short supply.