Equator Renewables Asia

Equator Renewables Asia, based in Singapore, focuses on renewable energy solutions, notably through a major solar project that strengthens cross-border energy ties between Indonesia and Singapore. Equator Renewables Asia was founded in 2025 by the current CEO, Frank Phuan, as a company offering renewable energy solutions. The company is headquartered in Singapore. In March 2026, it raised SGD 50 million in venture funding, with participation from KPN Corp and Tsao Pao Chee alongside founder and management participation, to expand its renewable initiatives.

Equator Renewables Asia specializes in delivering renewable energy solutions, primarily through its flagship project, a 400 MW utility-scale cross-border solar initiative connecting Indonesia and Singapore. The core offerings include a substantial solar photovoltaic (PV) installation of 2. 2 GWp, alongside a 3. 2 GWh battery energy storage system (BESS) designed for firm power delivery.

These systems are developed to address the growing energy demands in Southeast Asia, specifically targeting commercial and industrial users in Singapore who are seeking sustainable energy sources. The project's geographical scope extends beyond local markets, positioning Equator as a pivotal player in the regional renewable energy landscape, particularly in the cross-border electricity import sector. Customers for these offerings include governmental and private entities focused on reducing their carbon footprint and enhancing energy security through renewable sources. Equator Renewables Asia generates revenue primarily through the sale of renewable electricity, capitalizing on its conditional import license awarded by Singapore's Energy Market Authority.

The transactional structure involves direct business-to-business agreements with energy consumers in Singapore, including utilities and large-scale energy users, who purchase power generated from the solar farm in Indonesia. Additionally, partnerships with cornerstone investors such as KPN Group and TPC Energy Transition bolster financial backing for the project, enhancing its operational capacity and sustainability efforts. Revenue streams are expected to align with long-term power purchase agreements that provide stable cash flow, reflecting the increasing demand for green energy solutions in the region. The company's strategic partnerships and technology collaborations with industry leaders further support its market position and operational efficiency in delivering renewable energy solutions.

In March 2026, Equator Renewables Asia raised SGD 50 million in venture funding from investors KPN Corporation and Tsao Pao Chee to scale solar, green hydrogen, and sustainable industrial zone projects across Indonesia. This funding will support cross-border decarbonization initiatives and enable the company to expand its renewable energy offerings. The strategic focus includes launching additional renewable energy projects aimed at furthering the company's market presence in Southeast Asia.