Singapore's clean energy sector gets a boost as EDB secures S$150 million in investments, creating over 100 professional jobs

| Urban Solutions & Sustainability

At the opening ceremony of the 2015 Asia Clean Energy Summit (ACES) on 27 October 2015, Minister for Trade and Industry (Industry) Mr S. Iswaran talked about the importance of clean technologies in helping countries and cities plan their economic growth within an increasingly carbon-constrained operating environment.

At the opening ceremony of the 2015 Asia Clean Energy Summit (ACES), Minister for Trade and Industry (Industry) Mr S. Iswaran announces details behind the new S$150 million in clean energy investments secured by the Singapore Economic Development Board (EDB).

 

Photo Credit: Asia Clean Energy Summit

Not only is clean and renewable energy seen as a key solution to pollution and mitigating the effects of climate change, it has become attractive because of its growing cost competitiveness and contribution toward enhancing energy security.

As such, Singapore is actively grooming its clean energy sector and is making great strides, with the following clean energy announcements made at ACES that express a strong vote of confidence in Singapore’s effectiveness as a Cleantech hub for the region.

New cleantech investments secured by the Economic Development Board (EDB) this year in solar, fuel cells, smart grids and testing services will, over the next five years, create more than 100 professional jobs and S$150 million in cumulative business spending.

The five companies investing in Singapore include:

a) Singapore-based Gräss Energy will serve as German solar energy company Grass Group's new headquarters

b) Fuel cells specialist Intelligent Energy will open its first supply chain hub outside of its British headquarters.

c) Consulting firm Accenture will expand its smart grid capabilities by strengthening its team of experts here.

d) Information technology company Omnetric Group plans to open a regional hub for research and development in the first half of 2016, focusing on the development of smart grid systems.

e) Certification firm DNV GL will open a new test centre here to attract and support companies to develop and test network and digital substation technologies.

Media Guide and Speech
- 27 October 2015

Singapore's clean energy sector gets a boost as EDB secures S$150 million in investments, creating over 100 professional jobs