SGD 2.5 billion, 800 megawatt capacity, the world’s leading manufacturer of solar renewable energy companies of Norway (REC) plant in Singapore was started in early November.

For Singapore, this is their third annual Singapore International Energy Week the best gift. Singapore is a resource-poor countries, but also a “clean” and known for its country. The face of traditional fossil energy sector challenges, Singapore to strengthen the clean energy industry?

Solar energy is the focus of Singapore’s clean energy industry in the face of Chinese solar manufacturers from the competition and attractive solar consumer market, how will the choice of Singapore?

“Why can not compete with China?”

November 3, REC officially announced its Tuas in Singapore (Tuas) to start the solar energy production base. This is the world’s largest set of solar wafers, cells and the template as one of the production base, is so far the largest single investment project REC.

Not only compete with China, it is important to China as a growing solar energy consumer, and not see these solar modules are from domestic or foreign. China’s solar energy is important in the growth of the consumer market.

China’s installed capacity of photovoltaic power generation in 2020 is expected to reach 20 million kilowatts, India also proposed to reach 20 million kilowatts by 2020 goal, Japan’s goal is 28 million kilowatts. Asia has become the global solar photovoltaic industry’s next target market.

From competition to “fit”

Face of China’s strong manufacturing capabilities and potential consumer market, Singapore is a greater emphasis on the strategic “fit”, relatively speaking, in Singapore in marketing, logistics management, R & D and high value-added production has advantages in these areas China may be “fit.”

September 2010, Sichuan Han Lung Group intends to invest 100 million U.S. dollars in Singapore set up together photovoltaic overseas headquarters. The headquarters for R & D and system integration-centric sales, marketing and project management as a whole.

This month there will be two energy companies announced China’s new overseas headquarters in Singapore, including a solar company. Energy on more Chinese enterprises to new international headquarters in Singapore to establish full confidence in Singapore is China’s new energy efficient platform for companies to go international.

New work in the practice of clean energy

Singapore started as a trade transit port. Since then, Singapore has become Asia’s financial center and the world. Whether the port of trade, or the financial industry, Singapore’s development is based on the huge market in Asia. Low-carbon economy in the next race, Singapore hopes to once again become a carbon trading “transit port.”

Although Singapore has not yet formed a complete carbon-trading market, but there are more than 30 carbon-carbon services company providing trading services in Singapore.

In carbon trading, Singapore has two distinct advantages: First, many Asian countries can sell carbon credits are distributed around in Singapore, such as Indonesia, Malaysia; the second is important in Singapore as Asia’s financial center, to provide professional financial services . He said that currently the UN framework, many carbon credits can be sold from Asian countries, China is the country with the largest sale of carbon credits.

World Bank estimates that by 2012 global carbon trading market will reach 1,500 billion U.S. dollars. China’s current carbon trading is also limited to spot transactions, while the international carbon trading financial derivatives have been developed. For China, the international carbon trading, Singapore may well be an effective international platform.

In addition, China and Singapore in the promotion of clean technologies also have close cooperation. “Tianjin Eco-City” is an example of its use of clean energy, “green building”, water and environmental management for the design.

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