Singapore shaping up as regional springboard

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.