Climate Connections: Australia-Asia Power Link Project awaiting Singapore's approval. Are cross-border collaborations the most important key to renewable energy adoption?

Solar power saw a boom in 2023, making it the fastest growing source of electricity generation for the 19th year running. This comes as countries around the world push for a transition towards greener sources of energy. Australia has given the go-ahead for a A$20 billion (US$13.5 billion) solar project that plans to ship energy from a giant solar farm in the country's north to Singapore through a 4,300 km undersea cable. The approval comes with strict conditions to protect nature and the project must avoid the habitat of greater bilby, which are small rabbit-like marsupials with long floppy ears. A final investment decision is expected in 2027. If eventually approved, the project aims to deliver up to 6 gigawatts of green electricity to large-scale industrial customers in Darwin, the capital city of Australia's Northern Territory, and in Singapore. But how challenging are such large scale energy projects and are cross-border collaborations the most important key to renewable energy adoption? On this episode of Climate Connections, Hanwei Wu, Editorial Director, OPIS shares his insights. He heads the Asia-Pacific team in producing price assessments and proprietary data for the oil, petrochemical, renewables and carbon markets. Feature produced and edited by: Yeo Kai Ting ([email protected])Voiced by: Audrey SiekPhoto credits: SunCableMusic credits: pixabay & its talented community of contributorsSee omnystudio.com/listener for privacy information.