- Singapore is closer to its ambition to import up to 4GW of low-carbon electricity by 2035, with a total of 3GW across the six conditional approvals.
- The projects, solar photovoltaics (PV) and battery energy storage systems (BESS) manufacturing plants will be set up in Indonesia.
Singapore’s Energy Market Authority (EMA) has given conditional approvals for five firms to import 2 gigawatts (GW) of low-carbon electricity from Indonesia. EMA grants conditional approvals after a preliminary assessment of proposed electricity import projects’ technical and commercial viability. They aid companies in securing the necessary regulatory approvals and licences.
The five companies managing the projects are Pacific Medco Solar, Adaro Solar International, EDP Renewables APAC, Vanda RE and Keppel Energy. Their import capacities have been approved at 0.6GW, 0.4GW, 0.4GW, 0.3GW and 0.3GW, respectively.
EMA said with these projects, solar photovoltaics (PV) and battery energy storage systems (BESS) manufacturing plants will be set up in Indonesia. EMA added that they will aim to start commercial operations from the end of 2027. The five conditional approvals come after one approval in March, given to Keppel Energy to import 1GW of electricity from Cambodia.
Singapore is closer to its ambition to import up to 4GW of low-carbon electricity by 2035, with a total of 3GW across the six conditional approvals. This will make up about 30 per cent of Singapore’s electricity supply by 2035.
EMA said, “Low-carbon electricity imports through regional power grids are a key enabler in Singapore’s efforts to decarbonise its energy supply while accelerating renewable energy development in the region, facilitating economic growth, and diversifying energy sources away from fossil fuels.” EMA added that it would continue reviewing electricity import proposals and seek to grant more conditional approvals.