Singapore: How to Attract More Investment in Renewable Energy?

Skrevet av

Roman Vakulchuk

Seniorforsker, Leder for forskningsgruppen for klima og energi

Indra Øverland

Forsker I

Haakon Fossum Sagbakken

Tidligere ansatt

Hoy-Yen Chan

Muhammad Rizki Kresnawan

Monika Merdekawati

Red.

Sammendrag:

Singapore has limited renewable energy potential due to its small surface area and the limited space available. Solar power has the greatest potential. Given the country’s limited spare land, rooftops and vertical spaces on high-rise buildings are of particular importance. Singapore set a target of producing solar energy to cover 350,000 households in 2030 that would be equivalent to 4% of the country’s current electricity demand. In 2019, solar energy accounted for less than 1% of Singapore’s total energy mix. We propose four actions to improve the investment climate for renewable energy in Singapore: develop incentive and regulatory support mechanism; consolidate solar energy governance; mobilise equity investors and lenders; specialise in the long-distance trade of renewable energy, especially in the form of hydrogen.

Published year: 2020
Publisher: ASEAN Centre for Energy (ACE)
Page count: 3
Language: English
Journal: ACE Policy Brief Series
URL 1: https://www.researchgate.net/publication/341794179
URL 2: https://www.academia.edu/43231933/Singapore_How_to_Attract_More_Investment_in_Renewable_Energy
URL 3: