tate asset fund Danantara is gunning for investment in a US$30 billion renewable energy export project to Singapore, according to an executive at the state asset fund who cited investors’ huge appetite for green energy procurement projects.
Chief investment officer Pandu Sjahrir said the proposed project would include solar power infrastructure development and a cross-border power transmission network.
“We will carry out and review energy exports to Singapore,” Pandu said on Thursday, highlighting that the planned solar farms “will probably be the biggest” in Southeast Asia, as quoted by to state news agency Antara.
He said the project also involved developing the national power grid and a transmission network connecting to Singapore at a cost nearing “at least” $30 billion.
Some private companies had secured previous agreements with Singaporean, Pandu said, adding that he could not divulge technical details or how the cooperation would materialize at this time.
He said the project was a continuation of a solar panel development commitment discussed at the Indonesia International Sustainability Forum in October 2025.
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According to Pandu, the project will generate electricity for exports to Singapore as well as the national grid.
