Saturday, May 18, 2024

Singapore on the Hunt for Clean Energy

In an effort to reduce the carbon footprint of its power sector, Gan Kim Yong, Singapore’s Minister for Trade and Industry announced at the Singapore International Week on 25 October that by 2035, Singapore would import 30 percent of its energy from low carbon sources.

Importing low-carbon energy, he noted, would be a key needle mover in Singapore’s energy transition in the near and medium term.

During the two-day conference, the Energy Market Authority (EMA) confirmed this in a statement revealing plans to issue two requests for proposal (RFP) for up to a total of 4 gigawatts (GW) of low carbon electricity into Singapore by 2035.

The first RFP to import 1.5 GW of electricity will be launched in November and is expected to begin by 2027.  The second for the remaining 2.8 GW will be issued in the second quarter of 2022 with a target launch in 2035. Both proposals would combine to meet 30 percent of the country’s electricity demand by then.

EMA also mentioned that it would not accept proposals from coal-fired generation sources.

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