What is the electricity supply capacity

In the context of Singapore's real estate and property sector, the reliability and capacity of the electricity supply are crucial factors for both residential and commercial properties.

As of 2023, Singapore's electricity generation capacity stood at 13,062 MW, with combined cycle gas turbine, co-generation, and tri-generation plants accounting for the largest share of about 80% of the total generation capacity. Solar PV systems, which are increasingly important for sustainable energy, contributed around 7% of the total capacity.

However, in the first half of 2024, there was a 5% decrease in overall generation capacity due to the decommissioning of older generation units, resulting in a decline to 12,406 MW. Despite this, the expansion of solar PV systems continued, growing by 13% during the same period.

For property developers and investors, the robust and adaptable nature of Singapore's energy supply is a significant advantage. The ongoing efforts to enhance generation capacity, including the planned construction of new hydrogen-ready gas-fired power plants scheduled to start operations in 2029 and 2030, ensure a reliable and adequate electricity supply to support the growing demands of the economy and population.

Additionally, initiatives such as the upgraded electricity interconnector with Malaysia and the import of low-carbon electricity from regional sources further bolster Singapore's energy security and sustainability, making it an attractive environment for real estate investments.