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Asean power grid opens doors for Singapore to be regional clean energy trading hub

But the grid itself remains a mammoth task with technical and financial challenges

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Anita Gabriel

Anita Gabriel

Published Mon, Oct 16, 2023 · 05:00 AM
    • Sharad Somani, KPMG’s Singapore-based ESG head, says the uneven spread of renewable energy resources from solar and hydro to wind, and the associated intermittencies should compel Asean countries to connect their electricity grids to optimise green power utilisation.
    • Sharad Somani, KPMG’s Singapore-based ESG head, says the uneven spread of renewable energy resources from solar and hydro to wind, and the associated intermittencies should compel Asean countries to connect their electricity grids to optimise green power utilisation. PHOTO: BT FILE

    THE planned Asean power grid could offer Singapore a golden opportunity to become the region’s trading hub for clean energy, as the city-state works hard to soften the potential blow on its booming petrochemical sector amid the shift from fossil fuels.

    “The Asean transmission grid is very critical. Singapore understands trade very well and we know how it’s done,” said Surbana Jurong’s energy and industrial managing director Tan Wooi Leong.

    He added: “As long as we can bring the molecules (hydrogen) and renewable electrons through a certain central location, we could probably start trading them.”

    AseanRenewable energyasean gridESG

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