星期六, 26 7 月, 2025
Home PV Markets Singapore to Spend US$230 Mln on Clean Energy Research

Singapore to Spend US$230 Mln on Clean Energy Research

SINGAPORE – Singapore will spend S$350 million (US$230 million) on research into clean forms of energy over the next five years to meet soaring energy demand in the region, the government said on Monday.
 
The tropical city-state will focus on solar power and fuel cell technologies research, the Economic Development Board (EDB) said, adding that the sector could create some 7,000 jobs and make up 0.6 percent of gross domestic product by 2015.
Located close to the equator, Singapore is well-placed to conduct research into how solar energy can be harnessed for the benefit of some one billion people in South and Southeast Asia who do not have access to electricity, EDB officials said.


"The clean energy industry is experiencing robust global growth due to rising energy demand, climate change concerns and technological advances," Lim Siong Guan, EDB's chairman, said.


The Southeast Asian city-state is keen to design and produce clean energy technologies such as solar panels, and to attract energy firms which want to enter the Asian market.


Energy firms that already have research facilities in Singapore include German solar firm Conergy and Vestas,the world's biggest wind turbine maker.


Clean energies — which also include wind, hydro, tidal power and biomass — could surge to supply half of world demand by 2050, compared with 13.2 percent currently, if governments crack down on the use of fossil fuels, the European Renewable Energy Council and Greenpeace said in January.
 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Tesla is set to build its biggest energy storage facility in China

Tesla, China Kangfu International Leasing, and the Shanghai Municipal Government signed a cooperation agreement to build an energy storage power station, which will become...

Sungrow launches next-gen hybrid residential energy storage system

China renewable energy solutions company Sungrow Power has revealed its newest hybrid next generation residential energy storage system (ESS), with its the latest in...

Desay Battery Unveils Proactive-Safety-Focused Energy Storage Technologies

On July 23, Desay Battery, a leading global provider of comprehensive energy storage solutions, held its mass production launch event in Changsha, China. The...

India will add 8,500 MWh of storage within the next two years

India Central Electricity Authority Chairperson Ghanshyam Prasad said on Wednesday that 3,300 MW of Battery Energy Storage System (BESS) projects are in the pipeline...