Energy giants from Malaysia, Singapore, and Vietnam have signed a landmark agreement to explore exporting Vietnamese offshore wind power across borders, marking a major step toward Southeast Asia’s green energy transition.
In a bold move to accelerate regional renewable energy integration, Malaysia, Singapore, and Vietnam have entered a joint development agreement aimed at exporting offshore wind power from Vietnam via subsea cables to Malaysia and Singapore.
Announced at an ASEAN summit in Kuala Lumpur, the agreement brings together key players: MY Energy Consortium—a collaboration between Tenaga Nasional Berhad (TNB) and Petroliam Nasional Berhad (PETRONAS)—and a second consortium formed by PetroVietnam Technical Services Corporation (PTSC) and Sembcorp Utilities, a Singapore-based energy firm.
The partners will assess the technical and commercial feasibility of transporting offshore wind-generated electricity from Vietnam to the Peninsular Malaysia National Grid and onward to Singapore through new subsea transmission infrastructure.
“Malaysia’s participation in this initiative reflects our strong commitment to the ASEAN Power Grid vision,” said Datuk Ir. Megat Jalaluddin Megat Hassan, CEO of TNB, and Tan Sri Tengku Muhammad Taufik, Group CEO of PETRONAS, in a joint statement. “This tripartite partnership is a step forward in advancing transnational green infrastructure, tapping into Vietnam’s renewable energy potential, and delivering stable, low-carbon electricity.”
The agreement is expected to serve as a scalable model for cross-border renewable energy collaboration in Southeast Asia—a region racing to meet ambitious climate goals while maintaining energy security.
Singapore, which relies heavily on imported energy, has committed to importing 6 gigawatts (GW) of low-carbon electricity by 2035, equivalent to about one-third of its total demand. The Vietnam wind power link could play a significant role in reaching that target.
Vietnam, with abundant wind resources, is ramping up offshore development with a target of 6 GW by 2030, and a long-term goal of 70 to 91.5 GW by 2050. Several nearshore wind farms are already operational, positioning the country as a future regional exporter of clean energy.
As countries in Southeast Asia work to implement the ASEAN Power Grid, this latest agreement demonstrates growing momentum toward integrated, low-carbon energy networks capable of supporting the region’s sustainable growth and climate commitments.
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Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 5th of August, covering the latest developments.
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