ASEAN Looks to Boost Renewable Energy Capabilities

Both governments and companies from Southeast Asia and Australia are looking to develop renewable energy sources and a green power grid in the region.

Association of Southeast Asian Nations (ASEAN) works on a regional power grid project that will cover Laos, Thailand , Malaysia and Singapore. The members aim to flow the first 100 MWs of electricity in 2022.

Exxon is also active in the region, as the fossil fuel giant began talks with potential countries that it could use for carbon capture storage (CCS) bases.

There are also important developments in Australia-Asia PowerLink project, one of the largest renewable energy projects in the world. The $22 billion project targets 2027 to begin exporting from the world’s largest solar farm in Australia to Singapore. Construction of the project is expected to begin in 2023.

Singapore’s other renewable energy supplier could be Indonesia, as Gallant Venture and Pacificlight Power will jointly develop a solar photovoltaics plant in the country.  The project was granted a conditional import license by Singapore.

Singapore aims to import up to 4 GWs of low-carbon electricity by 2035, or about 30% of its total supply. The country targets a supply diversification and wants to secure future energy supply.

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Do you need to access special insights on this matter?

Start your 7-day free trial  and become a member today

Get your daily Business Brief

Subscribe free to Business Brief

Business Brief delivers the latest insights straight to your inbox

You'll get daily industry insights on

Energy, Cleantech, Oil & Gas, Mining, Defense, Aviation, Construction, Transportation, Online Retail, Bigtech, Finance and Politics of Business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

China Aims to Revive Economy with Comprehensive Stimulus Package

The government of China unveiled a package of 33 measures covering fiscal, financial, investment and industrial policies to revive its economy disrupted by pandemic restrictions. The government said it would inspect how local governments implement them. 

Special Report-As a Major Policy Change, China Prepares to Issue Property Tax

Chinese President Xi Jinping has put his support behind a new property tax. China has long been reluctant to issue a property tax and this will be a big policy change if the government goes forward with it. The idea has first been put forward in 2003 but the government at that time didn’t go through with it because it would reduce demand and increase prices while also damaging household wealth and future projects. 

U.A.E. Decided to Suspend Discussions With the U.S. on F-35 Deal

The United Arab Emirates has told the United States that it decided to suspend the discussions around its acquisition of F-35s. The $23 billion deal, signed in January also includes drones and other advanced munitions. The deal had come to a halt in recent months because of U.S. concerns of UAE’s relationship with China, including Huawei’s involvement in the country’s 5G infrastructure. 

Stay informed

error: This content is protected !!