Singapore and the United States are set to conduct a joint feasibility study on regional energy connectivity, aimed at supporting the development of the ASEAN Power Grid initiative and promoting renewable energy deployment in the region.
The study will be conducted in two phases, with the first phase focused on reviewing existing and potential power interconnections in ASEAN and the socioeconomic benefits of regional energy connectivity.
The second phase will cover the legal and governance frameworks, as well as financing arrangements needed to facilitate regional energy connectivity.
The study is a collaboration between the Singapore Ministry of Trade and Industry, the Energy Market Authority of Singapore, and the United States Department of Energy. Initial findings from the first phase are expected to be shared by October 2023.
The feasibility study was first proposed in July 2022 as part of the U.S.-Singapore Climate Partnership and will welcome participation from partners in the Net Zero World Initiative and Indo-Pacific Economic Framework for Prosperity (IPEF).