Turning businesses into prosumers can strengthen Singapore’s energy resilience

AS A country dependant on fossil fuels to fulfil most of its power needs, Singapore is exceedingly vulnerable to supply chain disruptions and uncertain economic conditions. The ongoing Russian-Ukraine war is a prime example of how global volatility can disrupt the energy market in real and serious ways.

The Singapore government has doubled down on efforts to diversify its energy supply and support the development of low-carbon solutions in a bid to improve energy resilience. In particular, increasing solar deployment and solar energy capacity is a priority for the city-state. Today, it is not uncommon to spot solar panels across the island, on rooftops and even reservoirs.

However, while solar capacity has increased by at least eight-fold since 2015, there is some way to go if Singapore is to meet its 2030 goal of at least 2 gigawatt-peak (GWp) of solar energy in its energy mix. Encouraging corporations to reimagine their role as not just power consumers but prosumers will be key to tackling the challenge of large-scale solar deployment in Singapore.