3 June 2026, Singapore - Seraya Partners ("Seraya") has signed a Memorandum of Understanding ("MOU") with Tenaga Nasional Berhad ("TNB"), Malaysia's national utility, on Cross-Border Green Power Initiatives between Malaysia and Singapore.

The MOU was exchanged at the Energy Transition Conference 2026 (ETCon26) in Kuala Lumpur on 3 June 2026, in the presence of Malaysia's Deputy Minister of Economy, Datuk Mohd Shahar Abdullah, and the Singapore High Commissioner to Malaysia, a reflection of the bilateral significance both governments attach to clean energy cooperation between the two countries.

About the Collaboration

The MOU establishes a framework for TNB and Seraya to explore pathways for cross-border renewable energy supply between Malaysia and Singapore, leveraging Malaysia's vast renewable resources and well-developed transmission infrastructure to meet Singapore's growing demand for low-carbon power.

Singapore has raised its clean energy import target to 6 GW by 2035, sufficient to meet roughly one-third of the nation's electricity needs. Malaysia, with among the largest solar and hydropower resource endowments in Southeast Asia, is a natural partner to meet that demand with TNB, as the operator of Malaysia's national transmission grid, being the pivotal counterparty to make it happen.

A Differentiated Opportunity

Cross-border renewable energy between Malaysia and Singapore is still being built, from the regulatory frameworks and commercial structures down to the customer market for green power.

Seraya was built on the belief that the most defensible opportunities in the energy transition are not the ones with the lowest barriers. They are the ones that require more than capital. They require access, patience, and the willingness to do the unglamorous work of building something that has not been built before.

This MOU reflects that conviction.

Next Steps

TNB and Seraya will progress technical, commercial, and regulatory workstreams in the months ahead, with the goal of establishing concrete pathways for cross-border green power flows.