Singapore plans to introduce 350 MWp (5% of Singapore’s energgy mix) of solar capacity by 2020. Singapore 2013 electricity consumption is 43.23 billion kWh, which is equivalent to a 5 GW (5000 MW) plant running at full capacity.
The HDB and buildings roof top, including SAF barracks are considered for installation. In addition, there is pilot projects of floating solar plants using water sites.
The large scale deployment of solar around the world is due to the relentless drop in the cost of photovoltaic cell (PV cell), thanks to the ruthless cost cutting of China manufacturers. The cost of PV cell has drop from US$76.67 per watt in 1977, to US$0.36 per watt today.
A research by Germany has shown that solar power deployment especially at utility scale of deployment is competitive against not just natural gas, but coal which is the cheapest energy source. The generation cost for utility PV can cost as low as €0.08 per kWh, which is around SG$0.13 per kWh. Natural gas generation cost somewhere from €0.07 to €0.10. The price of solar is expect to fall even further as technology improves and as well as economy of scale due to further mass production in China.
In comparison, Singaporeans are buying electricity at SG$0.18 kWh today, and that is after a massive drop of oil price. Given the abundance of sunshine in Singapore, it would be a matter of time before property owners to start generating their own electricity.
The HDB and buildings roof top, including SAF barracks are considered for installation. In addition, there is pilot projects of floating solar plants using water sites.
The large scale deployment of solar around the world is due to the relentless drop in the cost of photovoltaic cell (PV cell), thanks to the ruthless cost cutting of China manufacturers. The cost of PV cell has drop from US$76.67 per watt in 1977, to US$0.36 per watt today.
A research by Germany has shown that solar power deployment especially at utility scale of deployment is competitive against not just natural gas, but coal which is the cheapest energy source. The generation cost for utility PV can cost as low as €0.08 per kWh, which is around SG$0.13 per kWh. Natural gas generation cost somewhere from €0.07 to €0.10. The price of solar is expect to fall even further as technology improves and as well as economy of scale due to further mass production in China.
In comparison, Singaporeans are buying electricity at SG$0.18 kWh today, and that is after a massive drop of oil price. Given the abundance of sunshine in Singapore, it would be a matter of time before property owners to start generating their own electricity.
Singapore electricity Tariff Q1 2015 |