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(Bloomberg) — Singapore granted two companies conditional approval to import renewable power from projects planned in Malaysia’s Johor state, as part of the city-state’s efforts to bolster energy security via cross-border links.
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Singapore’s Sembcorp Utilities Pte Ltd. will import about 300 megawatts of renewable energy from a project that includes floating solar with 2.2 gigawatts of peak capacity and as much as 4.3 gigawatt-hours of battery storage, according to a company statement on Friday. The project will be undertaken by Sembcorp, Malaysia’s state-owned KPRJ Environment Sdn. Bhd. and Qua Energy, and operations are expected to begin in 2029.
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Southern Solar Alliance Pte Ltd., a unit of Malaysia’s Ditrolic Energy Holdings, received approval to import 600 megawatts from a solar and battery facility in Malaysia, and is also set to commence commercial operations around 2029, according to a separate release by the nation’s Energy Market Authority.
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Both companies “will need to obtain all requisite approvals from relevant jurisdictions, conclude power purchase agreements with buyers, secure sufficient financing, and conclude various project development milestones in order to reach financial close,” EMA said.
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The island nation, which depends on imported natural gas for most of its electricity, has so far approved plans to import clean power from countries including Indonesia, Malaysia, Australia and Cambodia.
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The project, designed to meet energy demand in both Singapore and Malaysia, will “leverage the existing and future subsea interconnection infrastructure between both countries to facilitate cross-border power flows,” Sembcorp said.
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It’s the latest of several planned connections in Southeast Asia carrying low-carbon energy across borders. Resource-scarce Singapore seeks to shore up energy security and meet its climate goals by importing about 6 gigawatts of low-carbon energy by 2035.
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(Adds details on Southern Solar Alliance project in the third and fourth paragraphs)
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