Quantum Power Asia-ib Vogt Propose 3,5 GW Solar Energy Worth USD5 Billion in Riau Islands

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A consortium of Quantum Power Asia and ib Vogt plans to build a solar panel facility with a capacity of 3.5 gigawatts including a storage system worth US$ 5 billion or equivalent to Rp. 71.8 trillion in the Riau Islands region. It will be the largest solar panel project in the world.

The plan was stated in the signing of a memorandum of understanding between Quantum Power Asia – ib Vogt and the Riau Islands Provincial Government and witnessed by the Indonesian Ambassador to Singapore Suryopratomo in Singapore, today (19/04).

The entire energy generated from the solar power plant will be exported to Singapore as part of the fulfillment of the country’s medium-term plan to supply electricity from new renewable energy of 1.7 GW by 2027 for the first phase.

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To produce 3.5 GW of electricity, Quantum Power Asia and ib Vogt plan to build a solar panel facility in an area of 4,000 hectares in the Riau Archipelago with a storage capacity of 12 GWh.

The project is a follow-up to a request for proposal (RfP) by the Energy Market Authority (EMA) Singapore for electricity importers to supply renewable energy-based electricity. The project is planned to be completed and enter the commissioning stage in 2032 and is expected to meet 8% of Singapore’s electricity needs per year.

Both Quantum Power and ib Vogt are two global companies that have competence in PV mini-grid development. Ib Vogt, a company based in Germany has representative offices in 40 countries and has operated 2.2 GWh of PV mini-grid projects out of a total of 40 GWp of projects included in the planning.

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ib Vogt is also listed as one of 25 importers who are partners with EMA in procuring energy imports in 2027.

“This project is worth US$5 billion and will create opportunities for 30,000 jobs in Indonesia. We are optimistic that we will be successful in obtaining a license to supply electricity to Singapore and contribute to reducing carbon gas,” said Simon G. Bell, CEO and Managing Director of Quantum Power Asia.

Meanwhile, ib Vogt CEO Anton Milner added that the plan will become a global landmark project and he believes it can complete the proposal to the EMA and create added value for both countries.

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