Market Insight: Green Energy Technologies in Singapore

Market Insight: Green Energy Technologies in Singapore

Since 2008, the Green Energy Technologies [1] 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 [2] for this EU-funded business mission going to Singapore and the Philippines. This is the last call: application deadline is 16 June 2017.

Source URL: https://www.eu-gateway.eu/news/market-insight-green-energy-technologies-singapore

Links
[1] https://www.eu-gateway.eu/node/23
[2] https://www.eu-gateway.eu/business-missions/missions-calendar/green-energy-technologies-singapore-philippines