Singapore energy players and MNCs ink deals to boost green capabilities

Several major power players in Singapore are coming together to further their green-energy ambitions, which span ammonia-firing, solar photovoltaic (PV) systems, and renewable-energy offtakes.

The deals were announced on the sidelines of Singapore International Energy Week, which opened on Monday (23 Oct 2023) and runs until Friday.

Sembcorp Industries, IHI Corporation, and GE Vernova’s gas-power business are exploring the retrofitting of Sembcorp’s Sakra power plant on Jurong Island with ammonia-firing capabilities.

All three have inked a non-binding memorandum of understanding (MOU), they said in a joint statement on Monday.

The project could pave the way for Sembcorp to generate low-carbon electricity from its existing power plant assets. It does not expect the deal to have a material impact on its earnings per share and net tangible assets per share for the financial year ending December 31.

On the same day, Huaneng Power International’s subsidiary Tuas Power inked an MOU with Marubeni Global Indonesia. Tuas Power will offtake the renewable power generated from a proposed solar farm developed by Marubeni Global Indonesia in Batam.

It expects the US$9 billion (S$12.3 trillion) solar farm to have a total capacity of 4.1 GWp (global warming potential), with a 10 GWp battery-energy storage system.
 

Meanwhile, global multi-energy company TotalEnergies announced two new solar PV projects – one each in Thailand and Vietnam – linked to its 50-50 Asia-Pacific joint venture with Eneos, under which it will fully fund, install, and operate the systems. Its partners pay for the electricity generated.

Both parties expect the system to generate 2,650 megawatt-hours (MWh) of renewable electricity yearly, and reduce the Thai company’s carbon footprint by around 1,125 tonnes of carbon-dioxide emissions.

The other PV project, in Tay Ninh in southeastern Vietnam, will be the first agri-PV system for TotalEnergies Eneos in Asia-Pacific. The energy player signed a 20-year agreement with starch manufacturer Hiep Phat International Agricultural for a 2.1 MWp solar PV system for its starch plant and office.

TotalEnergies said the ground-mounted solar PV system will power 20 per cent of Hiep Phat International Agricultural’s facilities with renewable energy and generate 3,250 MWh of renewable electricity.

Last week, Geneco’s parent company, YTL PowerSeraya, committed to building an additional 4 MWp PV system at its Pulau Seraya Power Station on top of its existing 1 MWp capability.

The addition is enough to power more than 1,000 four-room Housing Development Board (HDB) flats for a month, Geneco said in a statement.

Work on the additions starts this month and is expected to be completed by September 2024.
 

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