Indonesia, Singapore Ink Pact for Cross-Border Green Power Trade

Mar 16, 2023 11:23 AM ET
  • Singapore is wanting to resource eco-friendly power from abroad
  • Relocate signals Indonesia will support renewable resource export

Indonesia and also Singapore agreed to collectively create renewables that could help provide clean electrical power to the city-state.

The countries signed a memorandum of understanding to produce a framework for business cooperation on renewables, transmission framework and cross-border electrical energy trading, Singapore's Ministry of Foreign Affairs said in a statement on Thursday.

The move signals that Indonesia will certainly recommend exporting clean power, after the country's authorities last year debated whether to ban or restrict distributions to maintain more supply at home.

Companies are seeking to release Indonesia's solar capacity, which it additionally intends to count on to satisfy its own environment goals. Indonesia is additionally becoming a vital power provider to Singapore, which has limited options to generate carbon-free electrical power locally, after Malaysia banned exports of renewable energy in 2021.

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