Singapore ramps up clean energy R&D investment  

Posted by Big Gav in

Ecoseed has an article on Singaporean efforts to develop a cleantech industry in the country - Singapore ramps up clean energy R&D investment.

The Singapore Economic Development Board (E.D.B.) will spend about 680 million Singapore dollars ($483.3 million) to build a clean technology ecosystem over the next five years as part of the country’s plan to become a global research and development hub.

The fund is expected to establish a more conducive environment for innovations in research, test-bedding and commercialization that will advance Singapore’s solar industry.

The board allocated 350 million Singapore dollars of the total investment to develop the country’s clean energy sector, with a focus on solar energy. Having a tropical climate, Singapore is a prime location for companies that wish to enter the Asian solar market.

Suntech Power, for instance, intends to expand its operations in the country because of the strong government support and exceptional technology capabilities. Bosch Group also opened its new headquarters in Singapore to better manage its newly acquired companies in Southeast Asia.

In addition to its linkages to leading Asian solar markets, Singapore has the capabilities to manufacture solar wafers, cells and modules, which will give the country a head start in the solar industry, the board said.

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