Riding the Solar Wave Networking Event – Opportunities for Solar Adoption and its Benefits

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We held our very first monthly networking series, in partnership with the National Environment Agency (NEA) and received an overwhelming number of response of 77 partcipants. 

 

In early 2016, Singapore signed the Paris Agreement – a historic agreement to combat climate change – alongside 173 other countries. Singapore has pledged to reduce its emissions intensity by 36% from 2005 levels by 2030, and stabilise its greenhouse gas emissions with the aim of peaking around 2030. Adopting renewable energy is one of the key measures in Singapore’s mitigation plan. 


Solar energy is the most abundant renewable energy source in Singapore. Given the declining cost of solar photovoltaic systems, many businesses are now turning to solar energy to power their operations. Innovative models such as solar leasing and off-site purchase agreements have also unlocked new opportunities for solar energy adoption in Singapore.

Some of the questions answered at this session were:

• How long will it take to pay off our system? 
• Will the costs of installation and maintenance outweigh the benefits? 
• How do we convince our management that adopting solar energy makes financial sense? 
• What is the most suitable contracting model for our organisation?

 

The speakers of the session included: 

- Mr Justin Wu, Head, Energy Efficiency & Conservation Department, NEA

- Mr Mark Koh, Director, Facilities & Estate Management Division, JTC Corporation

- Mr Theo Davies, COO, Sun Electric Pte Ltd

- Mr Steven Khoo, Business Development Director/Co-Founder, Pilatique Pilate Studio

- Mr Mitchell Leow, Head of Corporate Relations, APB

 

It was a fruitful time of learning from experiences of early solar adopters and most importantly, understanding how adopting solar energy is beneficial for a business.