Singapore's Equator Renewables Asia (ERA) and CRE International (CREI), a subsidiary of China National Nuclear Corporation, recently signed a framework agreement to jointly develop a 900 MW solar power and 1.2 GWh battery energy storage system (BESS) project in the Riau Islands, Indonesia. Of this, 400 MW AC will be transmitted to Singapore via submarine cable. CREI is responsible for investment, construction, and operation on the generation side, while ERA manages transmission and procurement coordination. The project is expected to be completed by 2029 and is one of the six licensed companies approved by the Energy Market Authority of Singapore (EMA) to import clean electricity. Singapore plans to import about 6 GW of low-carbon electricity by 2035, meeting one-third of the country's energy needs to achieve net-zero emissions by 2050. In June this year, Singapore and Indonesia agreed to develop a solar panel industry in the Riau Islands as part of a cross-border clean energy trade plan. The International Energy Agency report points out that grid integration of solar and wind power in Southeast Asia, along with interconnection via submarine high-voltage DC cables, is crucial to meet regional electricity demand.