Medco Injects Solar Power Supply to Singapore
Despite being the 2nd greenest country in Asia, roughly 95% of Singapore’s electricity is generated from natural gas. Visioning forward, the country aims to further develop sustainable energy as part of its 2030 green plan. Concerning the said issue, Singapore’s government intends to import electricity generated from green energy in the form of low-carbon electricity up to 4 gigawatts (GW) or around 30% of its total supply by the year 2035. However, the transition to renewable energy doesn’t guarantee cheaper electricity - as the costs of transmission, backup, and grid enhancements might even increase Singapore’s spendings to power its country. As of now, Singapore is considering laws that would allow the Energy Market Authority (EMA), the country's energy regulator, to impose pollution restrictions on power producing businesses. Due to a tight requirement of importing low-carbon power, EMA will not accept proposals from coal-generated electricity. The first proposal will be established in November with a plan to import up to 1.2 GW of electricity starting in 2027. The second proposal is expected to be issued in the second quarter of 2022 and will encompass the remaining electricity imports by 2035. These imports will allow Singapore to develop regional power grids, support decarbonization, climate action, and diversify energy sources.
Prior to this import policy, the energy crisis was occurring in a number of countries, one of which was experienced by Singapore. The energy crisis that occurred in Singapore was not separated from its relati