ASEAN inks deal with IRENA for rapid renewable energy development
IRENA will support renewables projects with its project facilitation platforms. The Association of Southeast Asian Nations (ASEAN) and the International Renewable Energy Agency (IRENA) inked a memorandum of understanding (MOU) formalising a partnership aimed at scaling up renewable energy deployment in the region. According to an announcement, IRENA will support the ASEAN’s pursuit of 23% […]
SP Group unveils green energy trading marketplace
City Developments Limited and DBS were amongst the first of its renewable energy certificates (RECs) buyers. Singapore’s SP Group launched a digital marketplace powered by blockchain technology to allow companies to trade RECs which is a document used to offset the use of non-renewable energy, an announcement revealed. “Through blockchain technology, we enable companies to […]
Singapore to explore use of energy storage systems with possible cost savings for consumers
SINGAPORE: The Energy Market Authority (EMA) is set to experiment with the deployment of energy storage systems (ESS) in Singapore, in a move that could bring cost savings for consumers. ESS are batteries or other forms of technology deployed on the power grid to store electricity when demand is low and discharge it when demand […]
Singapore’s water success story to be repeated with energy: Chan Chun Sing
SINGAPORE – If the past 50 years have been about how Singapore has overcome water scarcity, the next 50 will be about how the country overcomes its energy challenges. “Just like how Singapore has successfully diversified our supply of water over the years, our next ambitious goal is to enhance our energy resilience to ensure […]
Renewable energy trading in Singapore runs on blockchain
The Singapore Power Group (SP) has initiated a marketplace, powered by blockchain, for renewable energy certificates (RECs). In a statement, the utilities provider said the blockchain-based platform, which was unveiled at the ASEAN Energy Business Forum, will help SP increase transparency and efficiency in its processes in REC transactions. Samuel Tan, chief digital officer at […]
Singapore: Major Utility Company Launches Blockchain-Based Solar Energy Marketplace
SP Group, a major corporation providing electricity and gas transmission in Singapore, has launched a blockchain-powered renewable energy certificate (REC) marketplace, the company reveals in a press release Monday, Oct. 29. The platform was unveiled at the ASEAN Energy Business Forum held in Singapore this week. The press release notes that SP Group plans to […]
Policies will continue to be adjusted to support the energy sector: Chan Chun Sing
SINGAPORE: The Government will not shy away from making tweaks and adjustments to policies if needed to support Singapore’s energy sector, given the changes in the global energy landscape, said Trade and Industry Minister Chan Chun Sing in an interview with Channel NewsAsia. “We will continually tweak our policies to encourage more innovation, to encourage […]
Singapore’s Pavilion Energy signs long-term LNG charter deal with BW
SINGAPORE, Oct 22 (Reuters) – Singapore’s Pavilion Energy has signed an agreement with commodities shipper BW Group for the long-term charter of two newly built liquefied natural gas (LNG) vessels, the company said on Monday. The 173,400 cubic metre vessels, expected to be delivered between 2019 and 2020, will add to Pavilion’s global portfolio and […]
New service to help companies cut carbon emissions, generate savings
SINGAPORE: Singapore companies can now subscribe to a service that will help them cut energy usage and carbon emissions by about 10 per cent, and in turn, generate savings. The service – called the Co-Pilot Hub – was launched on Monday (Oct 22) and is offered by software and services provider KBC. The hub is co-funded by […]