Photo by Peter Leahy on Pexels.com
Singapore is emerging as a key driver of the ASEAN supergrid, using its financial strength to secure green energy imports and enhance regional integration, Bloomberg reports. The island nation aims to import 6GW of low-carbon electricity by 2035, up from nearly zero today. Recent projects include subsea solar links from Indonesia, hydropower imports from Malaysia, and offshore wind transmission from Vietnam. Singapore also began importing electricity from Laos in 2022 and backs the massive US$20 billion SunCable project from Australia.
With limited land for renewables, Singapore is investing in complex cross-border infrastructure via a dedicated state-linked agency. Its efforts are being hailed as a “champion” move in advancing the long-stalled ASEAN Power Grid. Experts believe these bilateral deals lay vital groundwork for full regional integration by 2045. – Bloomberg
Read More News on Latest Malaysia
Read More News on Business News Malaysia
Read More News on SG Business News
Read More News on World Future TV
Strong fundamentals support resilience in the banking sector.
Structured transitions help ensure long-term stability.
Analysts see upside for Greatech as record orders, data centre demand and improving execution support…
Mitrajaya’s earnings outlook remains positive, supported by stronger revenue recognition, data centre projects and steady…
Improving US-Iran negotiations and easing oil prices lifted global sentiment, while investors stayed cautious ahead…
Vietnam's General Secretary To Lam will visit Thailand, Singapore, and the Philippines from May 27…
This website uses cookies.