Southeast Asia’s renewable energy transformation has tremendous potential for success, with more countries committed to net zero targets and turning ambitions into action.
Singapore is already actively working with other countries in this area. For instance, Keppel Energy, a subsidiary of the Singapore conglomerate Keppel Company, is creating the largest cross-border contract with Cambodia’s Royal Group Power to build energy resilience.
With a goal to import up to 4 GW of low-carbon electricity by 2035, these cross-border partnerships will aggregate low-carbon electricity on a large scale to harness and hybridise renewable energy sources.
Businesses looking to capitalise on the market potential in the region will need to anticipate some challenges. These include language barriers, legal and monetary compliance risks, developing infrastructure, and a green talent pool that is still in its early stages.
With our strong historical and trade connections to Southeast Asia, Singapore has a deep understanding of conducting business in the region and can help to reduce friction as you develop and execute renewable energy projects in the region. We help businesses mitigate and overcome the challenges of establishing their presence in the region.
TotalEnergies: Supporting the Asia-Pacific energy transition
With its regional hub in Singapore, TotalEnergies is at the forefront of developing multi-energy solutions including liquefied natural gas, biofuels, new low-carbon energies, renewables and electricity.
Its mission is to help customers meet their decarbonisation goals while ensuring access to reliable, affordable and cleaner energy.
The company is active in developing sustainable alternatives including ammonia and methanol for the shipping industry, key solar and wind energy projects, as well as carbon capture and storage implementation.
Keppel: Cross-border renewable energy
The first renewable energy import into Singapore sees Keppel and Electricite du Laos collaborating in the Lao PDR-Thailand-Malaysia-Singapore Power Integration Project, or LTMS-PIP.
This multilateral power trade key project will advance interconnected power grids, diversify supply and strengthen grid stability for the region.
EDP Renewables: Leveraging Singapore for climate action
EDP Renewables (EDPR) plans to invest up to S$10 billion by 2030 to establish a clean energy hub in Singapore for the Asia-Pacific region.
With this investment, the company aims to further accelerate the deployment of renewables while mitigating climate change for the entire APAC region, and fostering sustainability as a key engine for growth and green jobs.
Read about Singapore’s connectivity to SEA and beyond
