(Oct 23): Singapore plans to develop solar power and energy-storage technologies as the oil-trading hub of Asia pushes to generate more of its power from renewable sources.

The city-state is testing floating power projects in its reservoirs, a technology that could help solar meet as much as a quarter of electricity demand by 2025, Deputy Prime Minister Teo Chee Hean said Monday in a speech opening Singapore International Energy Week. The government also reached agreements for energy storage and micro-grid projects, Sim Ann, senior minister of state for trade and ministry, said at the event.

To reduce its reliance on fossil fuels, Singapore is trying to overcome natural limitations on hydropower and wind and a lack of available land for solar panels. While the city-state is a small emitter of carbon, it will be one of the first to feel the effects of climate change, Teo warned.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook