The regional grid strategy aims not only to decarbonize Singapore’s power sector but also to shield it from volatile global gas prices. Up to 25 gigawatts (GW) of new renewable energy and storage capacity — backed by over $40b in investment — could be unlocked across Southeast Asia if Singapore succeeds in building a regional cross-border power grid, according to Rystad Energy. The ambitious network of subsea cables and interconnections could deliver hydropower, solar, and offshore wind to Singapore, whilst potentially cutting carbon emissions by as much as 13 million tonnes of CO₂e annually. Singapore, long dependent on imported natural gas for 96% of its electricity needs, is now moving aggressively to diversify its energy mix. The regional grid strategy aims not only to decarbonize Singapore’s power sector but also to shield it from volatile global gas prices. https://sbr.com.sg/energy-offshore/news/singapore-regional-grid-may-unlock-25-gw-in-renewables-report (ICE SINGAPORE)

Fonte notizia: Singapore Business Review, 4 June 2025