![\"Singapore](\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-content\/uploads\/2024\/10\/photo-singapore-and-indonesia-strengthen-low-carbon-energy-ties-400x300-1.jpg\" "\\"Singapore")
Singapore will be importing more low-carbon electricity in collaboration with Indonesia. In its effort to further strengthen the nation\u2019s commitment to sustainable energy, Singapore has identified Indonesia as a key partner in this green goal. On Thursday, Senior Minister, Mr Teo Chee Hean, announced that Singapore will be issuing conditional approval for low-carbon power from Indonesia. Originally, Singapore had previously agreed to 2 GW (Gigawatts) of imports.<\/p>\n
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An additional 1.4 GW of low-carbon power is now in talks. This would bring the total planned imports to 3.4 GW. The news was recently announced at the Indonesia International Sustainability Forum<\/a> in Jakarta. As of now, five projects based in Indonesia have been given Conditional Licences. The green-lit projects are Pacific Medco Solar Energy Pte Ltd (0.6 GW), Adaro Solar International Pte Ltd (0.4 GW), EDP Renewables APAC (0.4 GW), Vanda RE Pte Ltd (0.3 GW) and Keppel Energy Pte Ltd (0.3 GW).<\/p>\n After receiving Conditional Approval in September 2023, the five projects will undergo marine surveys and feasibility studies. They are expected to be operating in less than four years by 2028. Following this, Singapore\u2019s Energy Market Authority (EMA) has also granted Conditional Approvals to two more projects, which are Singa Renewables Pte Ltd (a joint venture between TotalEnergies and RGE, producing 1 GW) and Shell Eastern Trading (Pte.) Ltd (in partnership with Vena Energy, producing 0.4 GW). Minister Teo also added that the two new additions are set to receive their respective Conditional Licences later this year. This marks a significant step forward in realising the full potential of the energy cooperation between the two countries.<\/p>\n <\/p>\n This green partnership with Indonesia will assist Singapore to transition to clean energy in its power sector. Currently, the power sector alone produces 40% of Singapore\u2019s carbon emissions. According to EMA, Singapore will import 4 GW of low-carbon electricity by 2035. However, due to promising developments and increased interest, Singapore has now decided to increase by 2 GW. This would total the target to 6 GW.<\/p>\n Apart from low-carbon power, Singapore has various plans to diversify its decarbonisation goals. EMA will be looking into other decarbonisation methods. This includes hydrogen, solar, deep geothermal, nuclear power, and carbon capture. All this while carefully weighing energy security, environmental sustainability, and economic viability into account.<\/p>\n <\/p>\n Singapore’s decision to expand its imports of low-carbon electricity from Indonesia demonstrates its commitment to a greener future. The increased imports of low-carbon electricity will not only help Singapore achieve its sustainability goals but also provide economic opportunities for Indonesia. This win-win partnership will further Singapore\u2019s effort to reduce its carbon footprint and generate jobs to boost the Indonesian economy.<\/p>\n Take the next step towards a sustainable future with 3E Accounting. As Singapore strengthens its green energy partnership with Indonesia, your business can also benefit from the economic opportunities this collaboration offers. Let us guide you through corporate services, compliance, and green business strategies. Contact 3E Accounting Singapore<\/a> today to ensure your company is positioned to thrive in this low-carbon economy!<\/p>\n","protected":false},"excerpt":{"rendered":" Singapore & Indonesia to Collaborate on Low-Carbon Power Singapore will be importing more low-carbon electricity in collaboration with Indonesia. In its effort to further strengthen the nation\u2019s commitment to sustainable energy, Singapore has identified Indonesia as a key partner in this green goal. On Thursday, Senior Minister, Mr Teo Chee Hean, announced that Singapore will…<\/p>\n","protected":false},"author":57,"featured_media":87252,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[],"class_list":["post-87247","post","type-post","status-publish","format-standard","has-post-thumbnail","category-regulatory-and-business","category-68","description-off"],"_links":{"self":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/posts\/87247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/comments?post=87247"}],"version-history":[{"count":0,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/posts\/87247\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media\/87252"}],"wp:attachment":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media?parent=87247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/categories?post=87247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/tags?post=87247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Singapore\u2019s Mission To Decarbonise Its Power Sector<\/h3>\n
Bottom Line<\/h3>\n