Singapore's Energy Market Authority (EMA) said on Tuesday it has granted conditional approval to Sun Cable to import 1.75 gigawatt (GW) of clean power from Australia.
The conditional approval for the project, which is expected to be operational after 2035, recognizes the technical and commercial viability of the Sun Cable project, the EMA said.
"Sun Cable will need to update its proposal to demonstrate fulfilment of EMA's required conditions precedent before the project can be considered for an award of conditional license," it said in a statement.
Singapore's power sector currently accounts for 40% of all emissions in the country, and the EMA is seeking to import around 6 GW of clean power by 2035 in a bid to cut emissions.
EMA has already granted conditional licenses for 2 GW of clean electricity imports from Indonesia.