Singapore (VNA) - Singapore recorded a historic high in the share of renewable energy in its power generation mix in May, according to the latest market data analysis.
The milestone was achieved as the country accelerated solar power production and increased imports of renewable electricity.
Data from Singapore’s National Electricity Market revealed that domestic solar generation grew at its fastest rate since March last year. Imported renewable energy also rose for the third consecutive month, reaching its highest level in over two years. These developments boosted the share of renewables in Singapore’s power mix to a record 2.58%.
Cross-border electricity trading is seen as a key solution for reducing the region’s reliance on fossil fuels, particularly as electricity demand from data centers continues to surge.
Singapore, which has limited renewable energy potential due to its size and geography, aims to meet 6GW, roughly one-third of its power needs, through clean electricity imports by 2035. Currently, natural gas-fired power plants account for about 95% of the country's generation capacity.
Between January and May, Singapore imported 122.7 million kWh of clean electricity, equivalent to 0.52% of total power generation. The country did not import electricity during the same period in 2024 and only began small-scale imports in the fourth quarter of that year.
In May, imported electricity continued to displace some fossil fuel-based power generation, marking the third consecutive month of increased import share. Overall electricity output in Singapore rose by 0.4% in the first five months of 2025.
Singapore is currently involved in two cross-border power purchase agreements - the 200MW Laos-Thailand-Malaysia-Singapore (LTMS) project and a 50MW pilot Energy Exchange Malaysia project with Malaysian state utility Tenaga Nasional.
Puah Kok Keong, Chief Executive of the Energy Market Authority (EMA) of Singapore, stated in October that the extension terms for the LTMS project were still pending, as Singapore was awaiting Thailand’s finalisation of transmission fee details under the multilateral agreement./.
