Singapore EMA News

Singapore Raises Solar Target to 3 GWp by 2030

Singapore's Energy Market Authority announced raising the national solar deployment target from 2 GWp to 3 GWp by 2030, having already achieved 2 GWp of installed capacity in 2025. The new target would power approximately 500,000 households annually. The government will expand solar across rooftops, land, and water spaces, and explore innovative deployments such as overhang solar for car parks and shelters.

Singapore EMA and KHNP Sign Civil Nuclear Energy MOU on SMR Cooperation

The Energy Market Authority of Singapore (EMA) and Korea Hydro & Nuclear Power Co Ltd (KHNP) signed a Memorandum of Understanding on civil nuclear energy cooperation on 1 March 2026 during the Korea-Singapore Summit. The MOU establishes a framework for collaboration in Small Modular Reactor (SMR) studies, human resource development and training, and sharing of technical information on advanced nuclear technologies. This marks the first civil nuclear energy cooperation MOU between a Korean nuclear power company and a Singapore government agency, supporting Singapore's efforts to explore low-carbon energy pathways.

Middle East Conflict Drives Up Singapore Energy Prices

The ongoing Middle East conflict has disrupted global fuel supply chains, causing oil and natural gas prices to increase significantly. As a small city-state, Singapore is highly dependent on energy imports—about 95% of its electricity is produced from imported natural gas, which is also the main feedstock for town gas production. The regulated tariffs for electricity and town gas in Q2 2026 (April-June) will be partially affected, as natural gas prices began climbing only after 28 February 2026. EMA expects further and potentially sharper increases in tariffs in subsequent quarters, with consumers on retail contracts also likely to face higher prices upon renewal.