Singapore has inked agreements with Indonesia and Cambodia.
Indonesia and Singapore agreed to jointly develop renewables that could help supply the city-state. The countries signed a memorandum of understanding to create a framework for commercial cooperation on renewables, transmission infrastructure and cross-border electricity trading, Singapore’s Ministry of Foreign Affairs said in a statement on Thursday.
To help meet that goal, Keppel Infrastructure Holdings Pte said it obtained conditional regulatory approval from Singapore’s Energy Market Authority to import 1 gigawatt of renewable capacity from Cambodia. Indonesia and Singapore also signed a pact to boost foreign investment and develop a renewables manufacturing industry on the Riau Islands, which are near the city-state, the Sustainable Energy Association of Singapore said Thursday.
Companies are seeking to unleash Indonesia’s solar potential, which it also plans to rely on to meet its own climate goals. Indonesia is also emerging as a key power provider to Singapore, which has limited options for carbon-free generation domestically, after Malaysia banned exports of renewable energy in 2021.
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