Solar Energy

Under the agreement, Facebook will access solar energy exported from Sunseap's offshore floating solar farm.

The four big themes with risks and opportunities: China and self-reliance, going green, coronavirus and government support

SINGAPORE (April 9): Burning more fossil fuel hurts the environment, but with crude oil prices staying way below the historical peak, the lure of basic economics has stymied the pace in which renewable energy is used as an alternative.

Singapore expects the emissions ceiling to be 65 million tons of carbon dioxide around 2030, Senior Minister Teo Chee Hean said in Parliament on Friday.

SINGAPORE (Nov 26): United Overseas Bank (UOB) is collaborating with three homegrown solar companies – SolarGy, SolarPVExchange and Sunseap Group – to accelerate the use of solar energy in Singapore.

SINGAPORE (Oct 8): Sembcorp Industries and the Energy Market Authority (EMA) have jointly awarded a grant to Nanyang Technological University (NTU) to develop Singapore’s first virtual power plant (VPP).

SINGAPORE (Jan 14): Trek 2000 International is acquiring a 7.5% stake in energy solutions company Terrenus Energy for US$3 million ($4.06 million).

SINGAPORE (Sept 18): Sembcorp Industries has signed a long-term solar energy deal with US social media giant Facebook.

SINGAPORE (Aug 20): The Muffinry in Telok Ayer, a café run by local F&B business Bakery & Bar, has a little framed certificate on a shelf facing the cash register. It points out that the café is a customer of Sun Electric, a local solar energy retailer.

(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.