SG, US unveil findings of feasibility study on energy connectivity
The first phase of the study commenced on 3 April.
The US and Singapore governments have unveiled the initial findings from the first phase of the joint Feasibility Study on Regional Energy Connectivity.
Involved in the study were Singapore's Ministry of Trade and Industry and Energy Market Authority (EMA) and the United States Department of Energy (DOE).
In the first phase of the study, which commenced on 3 April, the parties examined the renewable energy landscape and existing infrastructure of ASEAN countries, regional sub-sea interconnections, and the socioeconomic impacts of regional connectivity.
The findings discuss the benefits that sub-sea interconnections will bring to the region, including emissions reduction, lowering production costs, and increasing renewable energy deployment to achieve net zero emissions.
The study also noted the investment opportunities available for sub-sea transmission infrastructure.
In addition, the US national laboratories evaluated the geographic and geologic risks of constructing sub-sea interconnections in the region and identified mitigation measures to address the identified risks.
The US and Singapore plan to commence the second phase of the study, which will focus on evaluating the legal and governance frameworks and financing arrangements needed to facilitate regional energy connectivity.