Singapore shaping up as regional springboard
Besides being a base for operational expansion, it is also becoming a hub for financing solar assets
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Singapore
GIVEN Singapore's small hinterland, which limits the growth of solar energy here, and neighbouring countries' more serious stance on renewable energy, industry players are leveraging the Republic as a starting base for regional expansion as well as a hub for financing solar assets in regional markets.
Countries across South-east Asia, such as Thailand, Indonesia and Malaysia, have been ramping up on renewable energy assets, including solar energy, through feed-in-tariffs (FITs), which are subsidies for renewable energy that is pumped back into the power grid.
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