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SEAS Clean Energy Committee has been active since 2007 to provide a forum for companies & individuals to discuss issues around clean energy policies, technologies and finance that impact the industry.
Like many countries in Southeast Asia, the abundant sunlight in Singapore, coupled with lower equipment costs, makes solar power a viable, alternative source of electricity for many businesses. The SEAS White Paper showed that solar power is now at grid parity, so it is competitive with traditional sources of energy and will be the leading renewable option for Singapore. Besides solar other options for Singapore will be biomass, biogas and marine renewables.
Asia’s solar energy industry is undergoing formidable growth. Advances in technology and changes in government policies and regulations have driven the industry’s expansion. It’s also been fuelled by lower equipment costs that have increased the potential for savings, making its adoption an economic imperative, not just an environmental issue.
The benefits of using this clean energy are immense and the outlook for the industry is very positive. Especially with options emerging for businesses that cannot afford the upfront costs. Solar leasing allows them to use solar power without having to buy, maintain or install the PV panels. Customers only pay for the solar energy that they use.