In June 2024, Malaysia held its inaugural auction for the sale of green electricity from Malaysia to Singapore via the Energy Exchange Malaysia (ENEGEM) platform. To date, almost 28,000 megawatt-hours (MWh) of electricity have been traded under this pilot project.
To achieve the goals of the Johor-Singapore Special Economic Zone (JS-SEZ), Singapore and Malaysia agree to cooperate in several areas, such as facilitating the development of renewable energy projects to accelerate renewable energy trading.
This builds on years-long momentum. In October 2023, Malaysia approved the Cross-Border Electricity Sales for Renewable Energy scheme to enable cross-border sales of renewable energy through an energy exchange to neighbouring countries.
