Durapower Signs MoU with Consortium led by Sunseap

Durapower Signs MoU with Consortium led by Sunseap To Start Building Cross-border Interconnect Clean Energy Project In Riau Islands

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SINGAPORE –¬†Durapower, a global leader in performance lithium battery storage solutions, has signed a Memorandum of Understanding (MoU) led by Sunseap Group at the Asian Clean Energy Summit to explore and develop a combined capacity of 7 gigawatt-peak (GWp) of solar power systems combined with multiple Energy Storage Systems totaling more than 12 gigawatt-hours (GWhr)¬†around Riau Islands.

The consortium include PT Mustika Combol Indah, PT Agung Sedayu, Sumitomo Corporation, Samsung C&T Corporation and Oriens Asset Management.

As part of the partnership, which takes the form of the MoU, Durapower will be jointly contributing towards the building of the 1 GW of non-intermittent low-carbon clean energy facilities for Singapore and Indonesia.

Says Kelvin Lim, Chief Executive Officer, Durapower: “This is potentially going to be one of the world’s largest solar and ESS deployment, as well as one of the most monumental clean energy projects for Singapore and Indonesia. We are excited to be a part of this project as it establishes both Singapore and Indonesia as a clean energy gateway towards the establishment of a regional grid across ASEAN.”  

Says Frank Phuan, Co-founder and Chief Executive Officer of Sunseap: “This is one of the most consequential clean energy projects for Singapore and Indonesia. Durapower’s expertise as a clean energy systems integrator will bring more affordable low-carbon clean energy to both countries, thus establishing both Singapore and Batam as a clean energy gateway and hub in ASEAN and pave the way towards an ASEAN Green Power Grid.”

This project will further strengthen Durapower as a leading energy storage developer in the clean and renewable energy sector. The organisation has also supplied advanced lithium-ion battery systems for hybrid-electric AGVs and E-mobility applications to European and Asian seaports and several marine vessel applications, along with Containerised Energy Storage Systems. Capitalising on its rapid growth and development, the ASEAN market has always been a focal point for the company, bolstered by the region and the world’s green and clean aims of achieving carbon neutrality by 2050.

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