Revolution for a Bright Future with Solar Energy in Singapore

SINGAPORE - Sept. 30, 2015 - PRLog -- There is an increasing demand of global energy in Asia and as per the estimation of Asian Development Bank, the Asian Pacific region will account for more than half the planet’s energy consumption by 2025. With the increasing demand in global energy, the requirement of sustainability, efficiency and affordably is driving the growth in the renewable energy sector. In this scenario, solar is one of the fastest expanding sectors and Singapore with its world-class infrastructure, technical advancement suitably sets her as a hub for the growth of solar.

In order to boost the capabilities of Singapore in the solar energy sector, the Government has launched photovoltaic module developments and testing laboratories, advancing the solar energy research and the assurance of quality of photovoltaic systems and modules.

Though Singapore has a lack of natural resources and space, it started paying its attention to solar poweras part of Singapore’s sustainability strategy. Last year, more than US $269 billion was invested in this sector and this simply shows that the solar revolution in Singapore has begun, driven by the pervasive sustainability of solar energy and the competitive cost of solar.

In Singapore, rather than the sale of solar modules, the solar leasing business model involving the sale of solar electricity to building owners has speedily gained ground. In this way, the building owners can easily install solar panels on the rooftops of buildings without any upfront capital cost. According to the National Environmental Agency of Singapore, the decreasing cost of solar power with the combination of innovative business modules is driving the more attractiveness towards the solar energy. This results in the tremendous growth in the base of solar adopters in Singapore. Today, several leading solar companies are looking forward to use Singapore as a base to grow their Asian market in the solar sector.

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