TotalEnergies, RGE JV Gets Green Light To Import Renewable Power To Singapore
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2025
0mins
Source: Benzinga
Joint Venture License: TotalEnergies and RGE's joint venture, Singa Renewables, has received a conditional license from Singapore’s Energy Market Authority to import 1 GW of renewable power from Indonesia, along with plans for a subsea interconnector to facilitate this electricity import.
Project Development: The partners have signed a co-investment agreement to build a hybrid renewable power plant in Indonesia's Riau Province, which will include a solar farm and energy storage system, contributing to Singapore's net zero emissions goal by 2050.
Analyst Views on TTE
Wall Street analysts forecast TTE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TTE is 71.67 USD with a low forecast of 60.04 USD and a high forecast of 90.93 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
8 Buy
8 Hold
0 Sell
Moderate Buy
Current: 67.720
Low
60.04
Averages
71.67
High
90.93
Current: 67.720
Low
60.04
Averages
71.67
High
90.93
About TTE
TotalEnergies SE is a France-based company. The Company is predominantly engaged in the business as a worldwide oil group. Its segment divisions are divided into refining and chemistry such as refining of petroleum products and manufacture of basic chemistry and of specialty chemistry, petroleum products distribution, electricity generation from combined cycle gas plants and renewable energies, gas production, trading, transport and distribution primarily includes liquefied natural gas, natural gas, biogas, hydrogen, liquefied petroleum gas and hydrocarbon operating and production. The group is also operating in trading and sea transport of crude oil and oil products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
