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Bloomberg
Renewable energy developer Quantum Power Asia Pte agreed to advance a potential $5 billion plan to export clean electricity to Singapore as the city-state attempts to accelerate its use of renewables.
Quantum and Berlin-based partner Ib Vogt GmbH aim to construct a 3.5 gigawatt solar facility and 12 gigawatt-hour battery storage facility across 4,000 hectares of land in Indonesia’s Riau Islands, the companies said in a statement.
The project would be connected to Singapore’s Tuas region via a 31 miles undersea cable passing through one of the busiest water ways in the world.
“We are studying how to get the path right so that no ships drop anchors and damage it,†David Ludwig, IB Vogt’s director Asia-Pacific, said.
Singapore, which currently generates about 95% of its electricity from imported gas, is aiming to import enough clean energy from overseas to meet 30% of its needs by 2035. The nation’s Energy Market Authority expects to approve a first wave of projects for 1.2 gigawatts of imported electricity by the fourth quarter, it said.