SINGAPORE TO IMPORT 2 GW OF LOW-CARBON ELECTRICITY FROM INDONESIA
The Energy Market Authority (EMA) of Singapore is granting Conditional Approvals to five projects to import a total of 2 gigawatt (GW) of low-carbon electricity from Indonesia into Singapore. The Conditional Approvals build on multiple Memoranda of Understanding (MOU) between Indonesia and Singapore in the area of energy cooperation.
These MOUs affirm both countries’ commitment to facilitate cross-border electricity trading projects and interconnections between Indonesia and Singapore, and investments in the development of renewable energy manufacturing industries, such as solar photovoltaics (PV) and battery energy storage systems (BESS) in Indonesia.
As the next step, the companies will be conducting their marine survey on the proposed route for their subsea power cables, as approved by the Indonesian authorities. The companies will also be supporting the efforts of Original Equipment Manufacturers on their development of PV and BESS manufacturing plants in Indonesia.
(Source: EMA Singapore- Image: Brightsparks)