Since 2008, the Green Energy Technologies sector in Singapore has received over EUR 1.3 billion in government-led investments. In 2016, another EUR 605 million was injected into R&D for a period of five years.
Due to its strategic location in the tropical sunbelt, there is a strong focus on solar energy.
For European companies targeting this market, entry opportunities can be found in the following sub-sectors:
- PV expertise relating to PV materials, cells, and modules, PV grid integration, and PV systems for the tropics.
- Innovative electric vehicle solutions, since Singapore has initiated the setting up of some 2000 charging points for an island wide electric vehicle car-sharing programme. Singapore has been actively exploring the potential of autonomous and electric vehicles (EVs). Per Singapore’s electro-mobility roadmap, EVs could make up to 50% of Singapore’s motor population by 2050.
- Companies developing micro-grid solutions can take advantage of the various micro-grid living labs in Singapore.
- There is a rising interest among research institutes and commercialisation of fuel cell technologies in Singapore.
Are you a European company looking to export and take on a new and promising market? Apply now for this EU-funded business mission going to Singapore and the Philippines. This is the last call: application deadline is 16 June 2017.