Singapore Approves Low-Carbon Electricity Imports from Indonesia

Singapore's Energy Market Authority (EMA) has granted conditional approvals for two projects to import a total of 1.4 gigawatts (GW) of low-carbon electricity from Indonesia, raising its import target from 4 GW to 6 GW by 2035 due to increasing demand. The approved projects include a joint venture between TotalEnergies and RGE, which will bring in 1 GW of solar energy, and another project by Shell Eastern Trading in partnership with Vena Energy, set to import 0.4 GW. These initiatives are part of a broader effort to reduce reliance on natural gas and support Singapore's goal of achieving net zero emissions by 2050. The EMA has also awarded conditional licenses to five companies for additional projects aimed at importing 2 GW of electricity, with various stages of development underway. This expansion builds on multiple memoranda of understanding between Indonesia and Singapore to enhance energy cooperation, signed in recent years. The EMA stated that the approvals facilitate the necessary regulatory processes for these projects, which are deemed technically and commercially viable.