Singapore grants conditional approval for VMS renewable power import
The Vietnam Malaysia Singapore VMS renewable electricity initiative has reached a key milestone with Singapore s Energy Market Authority granting Conditional Approval to Sembcorp Utilities as the designated importer for the proposed project
On October 26, Singapore granted conditional approval for a renewable energy import project known as VMS, which aims to bring up to 1.3 GW of clean power into the country. The announcement was made at the Singapore International Energy Week 2026. The project would utilize Vietnam's offshore wind power, along with solar and battery storage in Malaysia, and distribute the electricity to both Malaysia and Singapore.
Malaysia would serve as both a recipient and transit country for the energy. The Conditional Approval comes following a Joint Development Agreement signed in May 2025 between Sembcorp Utilities, a Singapore-based company, and the PetroVietnam Technical Services Corporation. Since then, the consortium of companies from Vietnam, Malaysia, and Singapore have been working closely with governments and stakeholders to advance the project.
The VMS initiative is part of broader efforts to unlock Southeast Asia's renewable energy potential, enhance cross-border energy connectivity, and contribute to the ASEAN Power Grid. Sembcorp Development, a subsidiary of Sembcorp Industries, achieved pre-certification for Vietnam's first LEED Volume prototype for ready-built facilities, which helps expedite the deployment of green industrial buildings.
Vietnam's industrial property sector is moving towards green development, prompting developers to adjust their strategies. Sembcorp Development's CEO, Lee Ark Boon, highlighted this green shift at the Vietnam Industrial Property Forum on September 29.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
