Singapore and Indonesia have signed new agreements involving Danantara Indonesia and Singapore-based firms Keppel Electric, Sembcorp Industries, and Singapore Energy Interconnections, aimed at advancing discussions on future cross-border electricity trade (Singapore’s Ministry of Trade and Industry (MTI) statement, 06/07/2026).
The electricity deal follows a series of earlier agreements reached between Indonesia and Singapore in 2025, including a plan to supply 3.4 GW of low-carbon power to Singapore by 2035.
“Both governments will also develop and adopt a Cross-Border Renewable Energy Certificate (REC) Framework, aligned with international standards, to support the tracking and accounting of cross-border RECs ahead of the first flow of electrons”, added the ministry’s statement. Singapore is planning to import more than 6 GW of low-carbon electricity by 2035 from Indonesia, Australia, Vietnam, and Cambodia (Enerdata Global Energy Research).
In addition, Singapore and Indonesia have signed a memorandum of understanding on carbon credits under Article 6 of the Paris Agreement. Under this agreement, Singapore and Indonesia will exchange information and technical expertise on carbon markets, work towards an implementation agreement aligned with Article 6, and identify high-integrity carbon credit projects.
Interested in Global Energy Research?
Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.
This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.