Commodity Market Report

Singapore power and renewable markets H2 2019 summary

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27 December 2019

Singapore power and renewable markets H2 2019 summary

Report summary

Key report themes: 1) Hyflux has entered into a restructuring agreement with Utico, ending its financial woes. Under the agreement, Utico will invest SGD400 million and is set to acquire a 95% stake in the company. 2) Indonesia to end Singapore’s pipe gas imports from Corridor block in 2023 as Indonesia prioritises domestic demand. 3) Singapore raises solar target to 2 GWp by 2030 from the previous target of 1 GWp of solar beyond 2020.

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