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.
