Singapore Energy

Contracts from the US and Qatar will support the nation’s RE shift.

It will lower emissions by a million tonnes yearly and cut carbon-tax expenses.

It’s working with banks on financing and will issue REITs to diversify funding sources.

The city-state’s cumulative spending on digital grid is around $83.85m.

The companies are also injecting more capital into the energy transition.

The plant will boost green power trade between the two nations.

It also wants power companies to build hydrogen-ready plants.

This is expected to drive investment in cross-border electricity trade.

This is partly driven by the need to reduce electricity-related emissions.

This will take effect on 11 November 2021.