Singapore and Malaysia to study REC framework for cross-border electricity trade (AsianPower)
Source: Wikipedia
Singapore and Malaysia are set to conduct a joint study to formulate a framework that will recognise Renewable Energy Certificates (REC) associated with cross-border electricity trade.
In a joint statement, Singapore’s Ministry of Trade and Industry, and the Energy Market Authority said the framework is expected to fuel demand for cross-border electricity trading projects. This is then expected to boost investment to support the long-term viability of renewable energy projects in the region.