OMNI Features｜SunCable's AAPowerLink Receives Singapore's Approval to Import Renewable Energy．Germany's PNE AG Sets Plans for USD 4.6 Billion Offshore Wind Project in Binh Dinh Province, Vietnam

｜SunCable's Australia-Asia PowerLink (AAPowerLink) Receives Singapore's Approval to Import Renewable Energy
The Australia-Asia Power Link (AAPowerLink) has received conditional approval from Singapore's Energy Market Authority (EMA), allowing the import of renewable energy. SunCable, the project owner, confirmed that the approval followed the confirmation of the project’s technical and commercial viability.

AAPowerLink, touted as the world's largest renewable energy and transmission project in development. AAPowerLink aims to transmit nearly 4 GW of renewable energy to Australia's Darwin, with 900 MW in the first phase and an additional 3 GW later. A 4,300-km subsea cable will deliver 1.75 GW of electricity to Singapore, covering around 15% of its energy needs by 2035.

SunCable's interim CEO expressed confidence in meeting the next phase's requirements. The project, which received environmental approval in Australia, is backed by Grok Ventures, led by Australian billionaire Mike Cannon-Brookes.

｜Germany's PNE AG Sets Plans for USD 4.6 Billion Offshore Wind Project in Binh Dinh Province, Vietnam
Germany's PNE AG is revisiting its offshore wind project in Binh Dinh province, Vietnam, aiming to invest $4.5 billion for a 2GW capacity wind farm. This follows a 2022 MoU with local authorities. The project, divided into three phases, is expected to generate 7.1 billion kWh of electricity annually and contribute $63 million in taxes once completed.

Binh Dinh's long coastline presents significant potential for offshore wind energy, yet Vietnam lacks a clear regulatory framework, and no projects have been formally approved. Petrovietnam's representative emphasized the need for strong policies and incentives to attract investors and meet the nation's 6 GW offshore wind target.

While over 30 companies have applied for site surveys, including Denmark's CIP, the absence of regulations has stalled progress. The World Bank estimates Vietnam's offshore wind potential at 600 GW, which could contribute 12% of the country's energy by 2035.

Reference:RenewablesNow｜offshorewind.biz