The Business Times

Energy Week 2024

A floating solar photovoltaic testbed. One flawed idea that has emerged is that trying to move too quickly to renewables is a costly burden and unfair on developing countries. It is, but global warming is unfair to them too.
ESG

What is the place of fossil fuels in the energy transition?

They will continue to be used, but if the use of renewables doesn’t grow as quickly, it’s because of the failure of policy

Tan See Leng, Minister for Manpower and Second Minister for Trade and Industry, at the groundbreaking ceremony.
Companies & Markets

Singapore is one step closer to hydrogen-powered electricity supply

Project developer in talks with banks to raise funds for the estimated cost of S$800 million

By aggregating small energy assets, such as solar panels in residential properties (above), virtual power plants could unlock their potential in supporting Singapore's energy transition.
ESG

Singapore seeks proposals on regulatory sandbox for virtual power plants

It is among the initiatives by the Energy Market Authority to develop Singapore’s future grid capabilities

Natural gas featured strongly during the first day of a conference on decarbonising the power sector, as countries grapple with the difficulties in adding renewable energy capacity.
Companies & Markets

Countries still need to depend on fossil fuels in equitable energy transition: panellists

‘Unrealistic’ for developing economies to get rid of fossil fuels, said Aramco’s president and CEO at Energy Week in Singapore.

Amin Nasser, Aramco president and CEO, calls for more investment into technology and innovation that can bring down the cost of energy transition, and make it more affordable for developing countries
Energy & Commodities

Asia needs a voice in global energy transition plans: Aramco president

Energy transition progress is far less equitable for the Global South and more complicated than expected

Power generation companies eligible for the grant need to be operating or bidding to operate an advanced CCGT on Jurong Island or Tuas by 2035.
ESG

EMA to co-fund studies on carbon capture and storage

Power generation companies can apply for grants to conduct feasibility studies

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