The Energy Market Authority (EMA) of Singapore has granted Conditional Approvals to five projects that will allow the import of a total of 2 gigawatts (GW) of low-carbon electricity from Indonesia into Singapore. These projects mark a significant step toward Singapore’s goal of importing 4 GW of low-carbon electricity by 2035.
The projects are managed by Pacific Medco Solar Pte Ltd, Adaro Solar International Pte Ltd, EDP Renewables APAC, Vanda RE Pte Ltd, and Keppel Energy Pte Ltd. This move is in line with multiple Memoranda of Understanding (MOUs) signed between Indonesia and Singapore to facilitate cross-border electricity trading projects and investments in renewable energy manufacturing industries.
The projects also aim to set up solar photovoltaic (PV) and battery energy storage systems (BESS) manufacturing plants in Indonesia, further promoting renewable energy development in the region.
Conditional Approvals are granted when the EMA preliminarily assesses the projects as technically and commercially viable, facilitating the companies in obtaining the necessary regulatory approvals and licenses.
The companies will now conduct marine surveys on the proposed route for their subsea power cables, as approved by Indonesian authorities, and support the development of PV and BESS manufacturing plants in Indonesia. These Conditional Approvals follow a previous approval granted to Keppel Energy in March 2023 to import 1 GW of low-carbon electricity from Cambodia, bringing Singapore closer to its 4 GW import goal.
Importing low-carbon electricity through regional power grids is a key component of Singapore’s efforts to decarbonize its energy supply, promote renewable energy growth, facilitate economic development, and diversify energy sources.