Caixin
Nov 14, 2024 07:32 PM
BUSINESS

Singapore Looks to Imported Green Power to Meet Its Carbon Goals

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Singapore has set a target to achieve net-zero emissions by 2050. Photo: VCG
Singapore has set a target to achieve net-zero emissions by 2050. Photo: VCG

Singapore will increase imports of green electricity from fellow members of the Association of Southeast Asian Nations (ASEAN) as it seeks to decarbonize its power system to help meet its climate goals, an energy official said.

Driven by growing demand for clean energy and limited land available for energy storage facilities, Singapore is “moving ahead with a plan to enhance power grid interconnections with ASEAN countries,” said Jonathan Goh, director for external relations at the Energy Market Authority of Singapore.

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  • Singapore plans to import green electricity from ASEAN nations to meet one-third of its power needs by 2035, supporting its net-zero emission target by 2050.
  • Conditional approvals have been granted to projects importing 5,600 MW of electricity from Cambodia, Indonesia, and Vietnam, alongside a project for solar-generated electricity from Australia via an undersea cable.
  • Opportunities are being explored with Chinese companies in power transmission and energy storage, and a memorandum has been signed with PetroChina to collaborate on LNG supply chains.
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Who’s Who
PetroChina International Co. Ltd.
PetroChina International Co. Ltd. is involved in exploring opportunities with Singapore's Energy Market Authority to work on liquefied natural gas supply chains and joint purchasing, part of Singapore's strategy to achieve its net-zero emissions goal by 2050.
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What Happened When
June 2022:
Singapore began importing 100 megawatts of green electricity from Laos.
October 2022:
Singapore set a target to achieve net-zero emissions by 2050.
In 2023:
Singapore's electricity consumption rose 1% to reach 55 terawatt-hours.
Earlier this month in 2024:
Jonathan Goh mentioned Singapore's plan for a third of power demand to be met by imported green electricity by 2035.
September 2024:
Malaysia began supplying electricity to Singapore, increasing the potential inflow to up to 200 megawatts.
Nov. 7, 2024:
The Energy Market Authority signed a memorandum of understanding with PetroChina International Co. Ltd. to explore liquefied natural gas supply chains and joint purchasing.
By 2035:
Singapore aims for one-third of its power demand to be met by imported green electricity.
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