- Singapore’s-state’s Energy Market Authority (EMA) had launched requests for proposals (RFPs) for electricity import projects from the region
- Singapore plans to transition towards greater sustainability.
The Manpower minister of the city-state’s second minister for trade and industry, Tan See Leng, at the Singapore International Energy Week conference, said the city-state’s Energy Market Authority (EMA) had launched requests for proposals (RFPs) for electricity import projects from the region, he added that the EMA has since received more than 20 proposals from Australia, Indonesia, Laos, Malaysia and Thailand and is set to import more electricity from the region and is on track to reach its import targets of up to 4 gigawatts (GW) by 2035.
Although Singapore generates 95% of its electricity from natural gas now, as Singapore transitions towards greater sustainability, there will be new growth opportunities for solar, energy storage systems (ESS) and smart grid technologies. Tan highlighted the opportunities to include conventional and non-conventional solar deployment, such as floating and building-integrated photovoltaics, battery ESS engineering, procurement and construction and project management services.
Singapore and Cambodia signed a memorandum of understanding (MOU) to deepen energy cooperation during the summit. In his speech, Tan said, “Such partnerships will help to facilitate key areas of cooperation such as the development and financing of renewable energy projects, development of regional power grids and cross-border grid interconnections for electricity between both countries”. He also noted that Singapore had signed similar agreements with Australia, Vietnam, Laos and Brunei this year.