Singapore likely to fall short of 2035 green power import goal, study finds

Wood Mackenzie’s latest review indicates Singapore will not achieve its 2035 ambition to import 6 GW of low-carbon electricity, with green imports projected to represent only about 2 % of the nation’s generation mix. Although 9.25 GW of import capacity across six corridors has been approved, no project has reached financial close or started building. The report cites export permit constraints, financing challenges for cross-border transmission, and the absence of a scheme for buyers to claim carbon credits as major obstacles.

Malaysia’s existing interconnector, approved for up to 1 GW, is the sole corridor with a credible near-term delivery path, while Sarawak aims for mid-2030s operation. Projects in Indonesia, Vietnam, Cambodia and Australia remain stalled at conditional approval stages, and any imported power must compete with Singapore’s wholesale electricity prices, which are being supplemented by plans for hydrogen-ready gas-fired generation.