Singapore Approves Sun Cable's Solar Power Project

Singapore has granted conditional approval to Sun Cable for its ambitious US$24 billion project to import 1.75 gigawatts (GW) of solar power from Australia's Northern Territory, with operations expected to commence after 2035. The project will utilize a 4,200 km subsea cable to transmit renewable energy, marking a significant step in Singapore's goal to enhance clean energy imports, targeting 6GW by 2035. The Energy Market Authority (EMA) recognized the project as technically and commercially viable, but Sun Cable must further meet conditions including competitive pricing and securing necessary approvals from relevant jurisdictions. This initiative is part of Singapore's broader strategy to decarbonize its energy sector, which currently contributes significantly to national carbon emissions. The project will be complemented by additional clean energy import deals already signed with Indonesia, Cambodia, and Vietnam, totaling 5.6GW. Sun Cable aims to establish long-term purchase agreements with corporate buyers in Singapore to ensure commercial viability ahead of the project's launch.