SINGAPORE, June 29 — Singapore boosted the share of renewables in its power generation mix to a record high in May, an analysis of the latest market data showed, as the country ramped up renewable imports and accelerated local solar power generation.
Domestic solar generation in May rose at the fastest pace since March 2024 and renewable imports rose a third straight month to their highest in more than two years, lifting the share of renewables in the city-state's power mix to 2.58 per cent, data from the National Electricity Market of Singapore showed.
Cross-border power trade is seen as key to easing regional reliance on fossil fuels amid growing data centre-driven power demand.
Singapore expects to meet six gigawatt, or around one-third of its power demand from clean electricity imports by 2035, as Asia's second-smallest country has limited renewable energy potential. Gas-fired power plants in Singapore account for about 95 per cent of its power capacity.
In the five months through May, the data showed Singapore imported 122.7 million kilowatt-hours of clean power, or 0.52 per cent of total generation, the data showed.
It did not import any power during the same period last year, and only started importing small quantities in the last quarter of 2024.
The share of imports in Singapore's power mix rose for a third straight month in May, displacing some fossil fuel-fired generation. Singapore's total electricity generation grew 0.4 per cent during the first five months, the data showed.
Singapore has two active cross-border power trade deals: the 200 MW Lao PDR-Thailand-Malaysia-Singapore (LTMS) and the 50 MW Energy Exchange Malaysia (Enegem) pilot project with Malaysia's Tenaga Nasional Berhad.
In October last year, the Singapore Energy Market Authority's chief executive said the terms of an extension to the LTMS had yet to be finalised, as Singapore was waiting for Thailand to finalise details on transmission charges for the multilateral deal.
On Friday (June 27), the EMA told Reuters in a statement that discussions were "ongoing for future enhancements to the LTMS," without elaborating further.
— Reuters
