Regional Power: Sembcorp signs 50MW green energy deal with TNB
Monday, December 9 2024 - 04:13 PM WIB
By Romel S. Gurky
Sembcorp Industries announced on Monday that its wholly-owned subsidiary, Sembcorp Power Pte Ltd, has signed a supply agreement with Tenaga Nasional Berhad (TNB) to import 50MW of renewable energy with Renewable Energy Certificates (RECs) from Peninsular Malaysia to Singapore via existing infrastructure.
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This is part of Malaysia’s inaugural pilot supply of green electricity for cross-border energy trading via the Energy Exchange Malaysia platform.
The two-year agreement, starting in December 2024, will be the first-ever renewable energy import with RECs into Singapore. The RECs provide proof of origin of renewable energy generation, ensuring that the energy is sustainably sourced.
Editing by Reiner Simanjuntak