Renewable energy developer Quantum Power Asia Pte agreed to advance a potential $5 billion plan to export clean electricity to Singapore as the city-state attempts to accelerate its use of renewables. Quantum and Berlin-based partner Ib Vogt GmbH aim to construct a 3.5 gigawatt solar facility and 12 gigawatt-hour battery storage facility across 4,000 hectares […]
New giga-scale contender emerges in race to export solar to Singapore – EQ Mag Pro
An Indonesian take on Sun Cable’s Australia-Asia Power Link – the world’s biggest solar, storage and export project – has emerged this week, announced by a joint venture between local solar developer Quantum Power Asia and German renewables outfit, ib Vogt. The $US5 billion ($A6.75bn) project proposes to export up to 4TWh of renewable energy […]
Australian Billionaires Invest $152 Million In Undersea Solar Power Cable Link To Singapore – EQ Mag Pro
Australian billionaires Mike Cannon-Brookes and Andrew Forrest have invested A$210 million ($152 million) to bankroll the construction of an undersea cable link that will deliver solar generated electricity to Singapore from Down Under. The fresh funding will come from Cannon-Brookes’ Grok Ventures and Squadron Energy, a wholly owned subsidiary of Forrest’s privately held investment firm […]
EDP Renewables to invest up to S$10 billion by 2030 for clean energy hub in Singapore
SINGAPORE : EDP Renewables (EDPR), the world’s fourth-largest renewable energy producer, said on Thursday (Feb 24) it plans to invest up to S$10 billion by 2030 to establish a clean energy hub in Singapore for the Asia Pacific region. EDPR, which is 75 per cent owned by Portugal’s biggest utility Energias de Portugal, closed a […]
Singapore to launch standards for renewable energy certificates
Singapore plans to launch standardised guidelines for renewable energy certificates, part of efforts to decarbonise its power sector and develop a regional grid, a minister said on Tuesday. The certificates, called RECs, are market-based instruments substantiating that electricity has been generated from renewable energy sources. One certificate represents that one megawatt-hour (MWh) of electricity was […]
Singapore plans to import up to 4GW of electricity by 2035
SINGAPORE : Singapore plans to import up to four gigawatts (GW) of electricity by 2035, the country’s trade and industry minister Gan Kim Yong said on Monday. The imports will constitute around 30% of the country’s electricity supply, said the minister in a speech to the Singapore International Energy Week. Singapore will start trials to […]
Australian company plans $22bn scheme to bring solar power to Southeast Asia – EQ Mag Pro
Singapore may be drawing up to 15% of its electricity from solar power generated in Australia by 2027, if a scheme by renewables specialist Sun Cable comes to fruition. The company aims to build vast solar farms in Northern Australia, which it describes as “one of the most reliably sunny places on Earth”. This power […]
A $22 Billion Plan to Export Solar Power From Australia to Singapore Clears Key Hurdle – EQ Mag Pro
A A$30 billion-plus ($22 billion) bid to export Australian solar power to Singapore via a 4,200-kilometer (2,600-mile) cable has taken another step forward after clearing a crucial approval hurdle. Indonesia has recommended the route that transmission cables for the Australia-Asia Powerlink can be laid through its territorial waters, project owner Sun Cable Pty Ltd. said […]
Singapore is recycling less than ever – EQ Mag Pro
Here’s a rather fascinating statistic: Singapore’s recycling rate fell to 13 per cent in 2020, down from 17 per cent in 2019. This means that only 13 per cent of the items used in Singapore — both industrially and domestically — ended up being recycled locally. That’s an extraordinarily low rate for a developed nation. […]
Asean power grid — option for S’pore to source green energy – EQ Mag Pro
Trial to import electricity from Malaysia the first step to larger imports of clean energy from South-east Asian neighbours. According to UOB chief sustainability officer Eric Lim, a regional power grid would save governments the cost of constructing new generation facilities and reduce the need for storage and related services. Clean or renewable energy usually […]