Vanda RE Pte Ltd, a joint venture company majority-owned by Gurīn Energy, announced today that it has been awarded a Conditional Licence by Singapore’s Energy Market Authority (EMA).
The Conditional Licence was granted to Vanda RE at the Indonesia International Sustainability Forum in Jakarta last week, in recognition of the technical and commercial viability of Vanda’s export project as well as its demonstrated ability to meet the requirements of both Indonesia and Singapore. Vanda RE received Conditional Approval from the EMA in 2023.
The announcement caps off a week of remarkable progress for Vanda RE. The company last week unveiled a major agreement with a leading solar panel manufacturer to provide 1.2GW of cutting-edge solar photovoltaic panels for its Vanda Solar & Battery Project.
The Vanda Solar & Battery Project is a utility-scale solar and energy storage development, underpinned by 2,000MW of solar PV installed capacity and 4,400MWh of battery storage, ranking it among the largest planned projects of its kind in the world.
Once operational in 2028, the project will supply Singapore with 300MW of non-intermittent, zero-emission electricity - enough energy to power 390,000 households in Singapore each year. The project is part of a joint plan by the Indonesian and Singaporean governments to establish a green electricity trading corridor between the two countries.
Assaad Razzouk, Chief Executive Officer, Gurīn Energy, said: “The Conditional Licence is testament to the strides that Vanda RE, together with our partners and stakeholders, has made since attaining Conditional Approval last year. I am particularly delighted that just this week, we have signed both a framework supply agreement with Trinasolar, a global leader in smart photovoltaic and energy storage solutions, to 1.2GW of advanced modules for our project; and obtained the Conditional Licence from the EMA – significant milestones that propel the development of the Vanda Solar & Battery Project forward to deliver 100 per cent renewable energy to Singapore in 2028.”
About Gurīn Energy
Gurīn Energy Pte Ltd is a Singapore-headquartered renewable energy developer. Its team of approximately 80 people across North Asia and Southeast Asia is focused on the development, ownership and operation of solar, wind and BESS assets.
Gurīn Energy was founded by its senior management team together with Infratil Ltd, a listed infrastructure investment company which has also established renewable energy platforms in the United States, Europe and Australia, holding a development pipeline of over 30GW across four continents and 29 markets. Infratil Ltd is managed by Morrison & Co, a global infrastructure investment company.
Gurīn Energy currently has 7GW of solar, wind and storage projects in various stages of development in Indonesia, Singapore, Malaysia, Thailand, the Philippines, South Korea and Japan.
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