Singapore eyes push for renewables in clean energy import drive
SINGAPORE'S power players are getting zealous on clean energy imports - a game-changer for the city-state's climate goals - even as the first of this big pivot could happen as soon as three months; that is, if a plan to import solar power from Malaysia works out to schedule.
Two key factors make renewable energy imports by Singapore, pressed for land and resources, a no-brainer - growing energy demand, which has recovered to pre-pandemic levels owing partly to industries with an insatiable appetite for power such as data centres, electric vehicles and agri-tech; and the urgency to cut carbon emissions as pledged under the Paris Agreement.
"These two reasons have given us a strong push to look at opportunities to explore and look for partners to import from other countries," Tuas Power chief operating officer Michael Wong told The Business Times.
TRENDING NOW
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein
Singapore to establish over-the-counter gold clearing system, central bank vaulting by end-2026
Singapore public sector commands highest AI salary premium as job postings surge: PwC study