Singapore Solar Photovoltaic (PV) Market Size and Trends by Installed Capacity, Generation and Technology, Regulations, Power Plants, Key Players and Forecast, 2022-2035

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

$2500

Singapore solar photovoltaic (PV) market cumulative installed capacity was valued at 632.40 MW in 2021. The market is expected to grow at a CAGR of more than 10% during 2021-2035. The Singapore solar photovoltaic (PV) market research report highlights installed capacity and power generation trends from 2010 to 2035 in the country’s solar PV market. A detailed coverage of renewable energy policy framework governing the market is provided in the report. The report also provides company snapshots of some of the major market participants.

Singapore solar photovoltaic (PV) market, outlook

Singapore solar photovoltaic (PV) market, outlook

For more insights, download a free report sample

What are the key deal type in the Singapore solar photovoltaic (PV) market?

The key deal type in the Singapore solar photovoltaic (PV) market are debt offerings, acquisitions, asset transactions, and partnerships. Debt offerings has the highest number of deals among others.

Singapore solar photovoltaic (PV) market, deal type

Singapore solar photovoltaic (PV) market, deal type

For more deal type insights, download a free report sample

What are the key companies in the Singapore solar photovoltaic (PV) market?

The key companies in the Singapore solar photovoltaic (PV) market are Sunseap Group Pte Ltd Company, Solar Energy Power Pte Ltd, and Phoenix Solar Pte Ltd, Soleq Pte Ltd.

Sunseap Group Pte Ltd

Sunseap Group Pte Ltd (Sunseap) is a renewable energy company that develops, owns and operates solar energy system. The company offers electricity solutions, power purchase agreement, international solutions, and integrating solutions. Its electricity solutions include clean energy plan, ultimate savings plan, and fixed electricity tariff plan. Sunseap’s international solution develops, builds, owns and operates ground mounted, rooftop, floating and micro-grid solar PV projects. The company also offers engineering, monitoring and maintenance, and solar products. It has operations in Cambodia, India, Thailand, Vietnam, and the Philippines. Sunseap is headquartered in Singapore.

Solar Energy Power Pte Ltd

Solar Energy Power Pte Ltd. (SEP) is a solar energy provider company. The company designs, develops and produces solar cells. Its products are SEP-MO125 and SEP-MO156 that are monocrystalline solar cells of 125 mm and 156 mm. SEP offers research and development facility for its products. The company converts raw wafers into high-quality solar cells. It exports products to Solar-Fabrik European market. The company operates as a subsidiary of Solar-Fabrik AG that produces solar cells even from wafers made out of recycled material. SEP is headquartered in Singapore.

Phoenix Solar Pte Ltd

Phoenix Solar Pte Ltd (Phoenix Solar) a subsidiary of Phoenix Solar AG is a photovoltaic system integrator. The company designs and builds investment-grade photovoltaic (PV) solar farms, modules, inverters, rooftop mounting systems, and mini-grid power plants. It offers turnkey services such as design, engineering, supply, installation, commissioning and maintenance of PV installations. Phoenix Solar also offers EPC services, solar leasing, floating PV systems, PV-diesel hybrid systems, and project development services.

Market report overview

Market size 2021 632.40 MW
CAGR % >10%
Key deal type Debt Offerings, Acquisitions, Asset Transactions, and Partnerships
Key companies Sunseap Group Pte Ltd Company, Solar Energy Power Pte Ltd, and Phoenix Solar Pte Ltd, Soleq Pte Ltd

Scope

The report analyses Singapore’s solar photovoltaic (PV) market. The scope of the research includes –

  • A brief introduction on global carbon emissions and global primary energy consumption.
  • An overview of the country’s renewable power market, highlighting installed capacity trends (2010-2035), generation trends (2010-2035), and installed capacity split by various renewable power sources.
  • Detailed overview of the country’s solar PV market with installed capacity and generation trends, and major active and upcoming solar PV projects.
  • Deal analysis of the country’s solar PV market.
  • Key policies and regulatory framework supporting the development of solar PV.
  • Snapshots of some of the major market participants in the country.

Reasons to Buy

  • The report will enhance your decision-making capability in a more rapid and time sensitive manner.
  • Identify key growth and investment opportunities in country’s solar PV market.
  • Facilitate decision-making based on strong historic and forecast data for solar PV market.
  • Position yourself to gain the maximum advantage of the industry’s growth potential.
  • Develop strategies based on the latest regulatory events.
  • Identify key partners and business development avenues.
  • Understand and respond to your competitors’ business structure, strategy and prospects.

Sunseap Group Pte Ltd
Solar Energy Power Pte Ltd
Phoenix Solar Pte Ltd
Soleq Pte Ltd

Table of Contents

Table of Contents

1. Introduction

1.1 Carbon Dioxide Emissions, Global, 2001–2021

1.2 Primary Energy Consumption, Global, 2001–2021

1.3 Report Guidance

2. Renewable Power Market, Singapore, 2010-2035

2.1 Renewable Power Market, Singapore, Installed Capacity, 2010-2035

– Renewable Power Market, Singapore, Cumulative Installed Capacity by Source, 2010-2035

– Renewable Power Market, Singapore, Cumulative Installed Capacity Share by Source, 2021 and 2035

– Renewable Power Market, Singapore, Net Capacity Additions by Source, 2022-2035

– Renewable Power Market, Singapore, Capacity Growth by Source, 2021-2035

2.2 Renewable Power Market, Singapore, Power Generation, 2010-2035

– Renewable Power Market, Singapore, Power Generation by Source, 2010-2035

– Renewable Power Market, Singapore, Growth in Power Generation by Source, 2021-2035

3. Solar PV Market, Singapore

3.1 Solar PV Market, Singapore, Installed Capacity, 2010-2035

3.2 Solar PV Market, Singapore, Power Generation, 2010-2035

3.3 Solar PV Market, Singapore, Market Size, 2010-2030

3.4 Solar PV Market, Singapore, Power Plants

– Solar PV Market, Singapore, Major Active Plants

– Solar PV Market, Singapore, Snapshot of Upcoming Plants

– Solar PV Market, Singapore, Key Under-construction Projects

3.5 Solar PV Market, Singapore, Deal Analysis, 2021

– Solar PV Market, Singapore, Deal Volume vs. Deal Value, 2010–2021

– Solar PV Market, Singapore, Split by Deal Type, 2021

4. Renewable Energy Policy Framework, Singapore

4.1 Renewable Energy Market, Overview

4.2 Renewable Energy Targets

4.3 Electricity Act, 2002 (Amendment) Act, 2018

4.4 National Energy Policy

4.5 Solar PV Subsidies

– Simplified Credit Treatment Scheme (SCT)

– Enhanced Central Intermediary Scheme (ECIS)

– Renewable Energy Certificates (REC)

4.6 SolarNova Program

4.7 Nationally Determined Contribution to the Paris Agreement

4.8 Tax Incentive for Energy Saving Equipment

4.9 Singapore’s Carbon Tax

4.10 Hydrogen Energy in Singapore

5. Solar PV Power Market, Singapore, Company Profiles

5.1 Sunseap Group Pte Ltd

– Sunseap Group Pte Ltd – Company Overview

– Sunseap Group Pte Ltd – Major Products and Services

– Sunseap Group Pte Ltd – Head Office

5.2 Solar Energy Power Pte Ltd

– Solar Energy Power Pte Ltd – Company Overview

– Solar Energy Power Pte Ltd – Major Products and Services

– Solar Energy Power Pte Ltd – Head Office

5.3 Phoenix Solar Pte Ltd

– Phoenix Solar Pte Ltd – Company Overview

– Phoenix Solar Pte Ltd – Major Products and Services

– Phoenix Solar Pte Ltd – Head Office

5.4 Soleq Pte Ltd

– Soleq Pte Ltd – Company Overview

– Soleq Pte Ltd – Major Products and Services

– Soleq Pte Ltd – Head Office

6. Appendix

6.1 Abbreviations

6.2 Market Definition

– Power

– Renewable Power

– Installed Capacity

– Electricity Generation

– Electricity Consumption

6.3 Methodology

– Coverage

– Secondary Research

– Primary Research

– Modelling and Forecasting

| Contact Us

Table

Table 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001–2021

Table 2: Primary Energy Consumption, Global, 2001–2021

Table 3: Renewable Power Market, Singapore, Cumulative Installed Capacity by Source (MW), 2010-2035

Table 4: Renewable Power Market, Singapore, Cumulative Installed Capacity Share by Source (%), 2021 and 2035

Table 5: Renewable Power Market, Singapore, Net Capacity Additions by Source (MW), 2022-2035

Table 6: Renewable Power Market, Singapore, Capacity Growth by Source, 2021-2035

Table 7: Renewable Power Market, Singapore, Power Generation by Source (GWh), 2010-2035

Table 8: Renewable Power Market, Singapore, Growth in Power Generation by Source, 2021-2035

Table 9: Solar PV Market, Singapore, Installed Capacity (MW), 2010-2035

Table 10: Solar PV Market, Singapore, Power Generation (GWh), 2010-2035

Table 11: Solar PV Market, Singapore, Market Size ($m), 2010-2030

Table 12: Solar PV Market, Singapore, Major Active Plants

Table 13: Solar PV Market, Singapore, Snapshot of Upcoming Plants

Table 14: Solar PV Market, Singapore, Key Under-construction Projects

Table 15: Solar PV Market, Singapore, Deal Volume vs. Deal Value ($m), 2010–2021

Table 16: Solar PV Market, Singapore, Deals by Type, 2021

Table 17: Renewable Energy Market, Capacity Awarded under SolarNova Program, Singapore

Table 18: Sunseap Group Pte Ltd, Major Products and Services

Table 19: Solar Energy Power Pte Ltd, Major Products and Services

Table 20: Phoenix Solar Pte Ltd, Major Products and Services

Table 21: Soleq Pte Ltd, Major Products and Services

Table 22: Abbreviations

Figures

Figure 1: Carbon Dioxide Emissions from Energy Consumption, Global, 2001–2021

Figure 2: Primary Energy Consumption, Global, 2001–2021

Figure 3: Renewable Power Market, Singapore, Cumulative Installed Capacity by Source (MW), 2010-2035

Figure 4: Renewable Power Market, Singapore, Cumulative Installed Capacity Share by Source (%), 2021 and 2035

Figure 5: Renewable Power Market, Singapore, Net Capacity Additions by Source (MW), 2022-2035

Figure 6: Renewable Power Market, Singapore, Capacity Growth by Source, 2021-2035

Figure 7: Renewable Power Market, Singapore, Power Generation by Source (GWh), 2010-2035

Figure 8: Renewable Power Market, Singapore, Growth in Power Generation by Source, 2021-2035

Figure 9: Solar PV Market, Singapore, Installed Capacity (MW), 2010-2035

Figure 10: Solar PV Market, Singapore, Power Generation (GWh), 2010-2035

Figure 11: Solar PV Market, Singapore, Market Size ($m), 2010-2030

Figure 12: Solar PV Market, Singapore, Snapshot of Upcoming Plants

Figure 13: Solar PV Market, Singapore, Deal Volume vs. Deal Value ($m), 2010–2021

Figure 14: Solar PV Market, Singapore, Split by Deal Type (%), 2021

Frequently asked questions

Singapore Solar Photovoltaic (PV) Market Size and Trends by Installed Capacity, Generation and Technology, Regulations, Power Plants, Key Players and Forecast, 2022-2035 thematic reports
Currency USD
$2,500

Can be used by individual purchaser only

$7,500

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Singapore Solar Photovoltaic (PV) Market Size and Trends by Installed Capacity, Generation and Technology, Regulations, Power Plants, Key Players and Forecast, 2022-2035 in real time.

  • Access a live Singapore Solar Photovoltaic (PV) Market Size and Trends by Installed Capacity, Generation and Technology, Regulations, Power Plants, Key Players and Forecast, 2022-2035 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.