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The heart of Asia’s renewable energy revolution
US$120B
clean energy investments in Southeast Asia are projected to quadruple to US$120 billion by 20301.
~48 GWs
annual renewable capacity addition of solar and wind power needed to meet Southeast Asia’s net-zero goals2.
100+
international and local clean energy companies are based in Singapore3.
Over 100 clean energy companies operate here, including EDP Renewables (EDPR), TotalEnergies Solar, and Vena Energy. Singapore’s pro-business environment and regional connectivity make it the ideal base for scaling clean energy ventures.
Singapore’s ecosystem covers the entire value chain spanning R&D providers, legal advisory firms, project financiers, and energy storage system integrators.
Home to world-class centres such as the Solar Energy Research Institute of Singapore (SERIS) and the Energy Research Institute @ NTU (ERI@N), Singapore supports cutting-edge research in solar photovoltaic (PV), battery storage, and systems integration.
These institutions collaborate with industry leaders such as ExxonMobil and Rolls-Royce4 to accelerate commercialisation of breakthroughs and foster a culture of innovation across the energy value chain.
Local expertise in structuring complex regional projects has positioned Singapore as a preferred location for renewable energy investors seeking to scale throughout Southeast Asia.
Singapore provides renewable energy players with access to demand opportunities.
Domestically, Singapore targets at least 2 GWp of solar deployment by 2030, creating sustained demand for solar development, engineering, and system integration. Beyond its borders, Singapore plans to import up to 6 GW of low-carbon electricity by 2035, tapping onto regional power grids.
Together, these initiatives will create long-term demand within Singapore while catalysing renewable energy project development across Southeast Asia.
Singapore’s stable, regulated financial system underpins its position as ASEAN’s largest sustainable finance hub, commanding nearly 50 per cent of regional green and sustainability-linked bond and loan issuances.
To support Southeast Asia’s clean energy transition, the Monetary Authority of Singapore (MAS) has launched initiatives to drive ESG integration, promote the adoption of sustainability standards, and develop the region’s green finance ecosystem.
The Green Finance Action Plan (GFAP) accelerates this transition through environmental risk guidelines, tech-enabled finance initiatives such as the S$1.75 million Global FinTech Innovation Challenge, green bond grants, the US$2 billion MAS Green Investment Programme, and support for climate-related research in Asia.
The Monetary Authority of Singapore’s Financing Asia’s Transition Partnership (FAST-P) aims to mobilise up to US$5 billion for energy transition and green investments across the region.
This long-term commitment provides crucial de-risking capital and signals confidence to global investors and project developers, accelerating the flow of funds needed for large-scale renewable energy projects.
Singapore actively fosters collaboration between government agencies, corporates, and research institutions to translate finance and policy into deployed renewable energy solutions.
These partnerships go beyond training, focusing on joint development of infrastructure, co-investment in pilot projects, and commercialising innovation.
Flagship initiatives like the ITE–SembCorp Centre for Sustainable Solutions demonstrate how industry-aligned facilities support real-world applications of solar and integrated sustainable technologies.
Providing the overarching strategic direction, Singapore’s long-term energy strategy underpins all efforts, supporting low-carbon electricity imports, large-scale solar adoption, and critical R&D.
Under the SG Green Plan, the nation targets achieving net-zero emissions by 2050, advancing Singapore as a sustainable city.
The ambitious goal of importing up to six gigawatts of low-carbon electricity by 2035 exemplifies our commitment to driving regional decarbonisation partnerships and market development.
NTUC’s e2i and the Sustainable Energy Association of Singapore (SEAS) co-developed the Solar Industry Career Development Plan, helping to ensure a consistent pipeline of skilled local professionals.
These initiatives align training with evolving industry demands.
The ITE–SembCorp Centre train 440 students and professionals annually, equipping them with practical, job-ready skills in solar PV systems and sustainable solutions.
These programmes are built on close engagement with employers and future-facing curricula.
Singapore’s energy talent strategy, actively supported by government and trade associations, includes fostering mid-career transition and providing specialist training to meet evolving industry needs.
This involves Workforce Skills Qualifications (WSQ) courses led by Sustainable Energy Association of Singapore (SEAS). Such programmes cover project management, system design, and smart energy solutions.
In addition, Capability Transfer Programmes and mid-career reskilling initiatives enable professionals to pivot into renewable energy roles.
Singapore’s strategic location and connectivity, and strong talent base are key factors in TotalEnergies’ decision.
Vena Energy commences 2 gigawatt solar-battery project to power Singapore by 2030.
Read moreEDP Renewables (EDPR) leverage Singapore’s robust ecosystem to pioneer development and accelerate innovation.
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