Energy companies from Malaysia, Singapore and Vietnam have formed an alliance to explore the supply of cross-border renewable energy, with a key focus on offshore wind.
The joint development agreement will explore the export of renewables from Vietnam to Malaysia and Singapore.
Through this agreement, Malaysia as represented by MY Energy Consortium, established by Tenaga Nasional Berhad (TNB) and Petronas, will collaborate with a consortium comprising PetroVietnam Technical Services Corporation (PTSC) and Sembcorp Utilities Pte Ltd, a wholly-owned subsidiary of Singapore-based Sembcorp Industries.
The aim of the initiative is to accelerate grid integration, energy security, and decarbonization across south-east Asia.
Together, the consortia will focus on unlocking Vietnam’s renewable energy resources, particularly offshore wind power, as a source for clean electricity across borders.
