Sun Cable (Singapore) Assets Pte Ltd has received conditional approval from the Energy Market Authority (EMA) of Singapore to import 1.75 gigawatts (GW) of low-carbon power from Australia into Singapore.
According to an EMA statement, the imported power would be produced in Australia's Northern Territory using solar energy and sent to Singapore via subsea cables that are around 4,300 kilometers long.
Given the plan and data thus far provided, the conditional approval demonstrates that the project can be both technically and financially feasible. Additionally, this will assist the business in developing the project to reach its goal of commercial operation after 2035.
Sun Cable must revise its plan in order to be eligible for a conditional license. This entails meeting EMA's technical specifications, establishing a pricing that is both profitable and acceptable to consumers, and obtaining all necessary permits from the appropriate authorities, including the nations through which the cables would go.
A major component of Singapore's strategy to lower emissions from the power sector, which presently contributes 40% of our carbon footprint, is the importation of low-carbon electricity. By 2035, EMA wants to import roughly 6 GW of low-carbon power.
Thus far, EMA has issued 3.6 GW of conditional permissions for imports from Vietnam, Cambodia, and Indonesia, as well as 2 GW of conditional licenses for energy imports from Indonesia. In addition to helping to implement the ASEAN Power Grid, if they are realized, they will collectively tap into a varied mix of solar, hydropower, and wind energy.