Singapore and Indonesia are nearing a green power trade agreement, with pricing terms still under negotiation. (Photo: Lawrence Wong's Facebook)
Singapore and Indonesia are moving closer to an agreement on cross-border renewable electricity trade, but they have yet to settle on a price that is attractive to both sides.
Singapore’s Minister of State for Trade and Industry Gan Siow Huang said carbon credit prices are being used as a benchmark for what companies may be willing to pay, while Indonesia’s Energy and Mineral Resources Minister Bahlil Lahadalia has said the current proposals do not yet provide a mutually beneficial outcome.
Unlock the full article to explore three key takeaways:
Carbon credit prices are shaping how much Singaporean buyers may pay for imported green power.
Indonesia’s new export rules have created uncertainty for private developers with conditional Singapore licenses.
A 3.4 GW export target could require 11 GWp of solar and 21 GWh of storage, generating up to USD 6 billion annually for Indonesia.
