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Experts at a TransitionZero webinar said Singapore has the ideal conditions to test the 24/7 CFE model. (Photo: iStock)
Singapore is emerging as a potential proving ground for a round-the-clock clean power model, 24/7 carbon-free electricity (CFE), experts said at TransitionZero’s webinar on Modelling 24/7 CFE in Singapore. A new TransitionZero report finds that achieving 70% CFE would cost USD 47 million less in capital expenditure than the conventional annual matching approach.
Most companies today rely on annual renewable energy certificates (RECs) to offset emissions. In contrast, 24/7 CFE ensures that each hour of electricity consumption is matched by clean generation. It represents a “paradigm shift” in how system planners and corporate buyers think about clean energy, said Bala Viswanathan, Energy Officer at SEforALL, an international organization promoting clean energy in partnership with the United Nations.
