Keppel and JBIC Collaborate to Establish Clean Energy Supply Chain Across Asia
Key Ideas
- Keppel and JBIC signed a non-binding MoU to establish a clean energy supply chain across Asia supporting energy transition and sustainable digitalization.
- The collaboration includes sectors like renewable energy development, electrical transmission, hydrogen ammonia, data centers, and subsea cables.
- Keppel plans to double its energy supply in Singapore to 3GW by 2030 and expand its data center portfolio in the region.
- The partnership aims to promote carbon neutrality, economic growth, and set new standards for sustainable development in Asia.
Global asset manager Keppel has signed a non-binding Memorandum of Understanding (MoU) with the Japan Bank for International Cooperation (JBIC) to establish a clean energy supply chain across Asia. The collaboration aims to support the energy transition and sustainable digitalization in the region. Under the MoU, Keppel and JBIC will cooperate in various sectors, including renewable energy development, electrical transmission, hydrogen ammonia, data centers, and subsea cables. The partnership intends to leverage Keppel's expertise in sustainability and connectivity along with JBIC's financing and business networks. This collaboration is designed to promote carbon neutrality, support economic growth across Asia, and finance Keppel's low-carbon energy projects. Keppel is actively involved in cross-border projects in the Asian market, including agreements for liquid hydrogen purchase and data center expansion. The company plans to increase its energy supply in Singapore to 3GW by 2030 and develop new subsea cable systems to enhance connectivity in the region. The collaboration with JBIC and other initiatives demonstrate a positive outlook towards clean energy and sustainability in the region.