CHAPTER 10
Solar PV in Singapore in the Absence
of Subsidies
Gautam Jindal, Jacqueline Tao, and Anton Finenko
The Republic of Singapore is a city state, located on one main island
surrounded by many small islets with a total land area that has grown
from 581.5 sq. km. in the 1960s to 719.1 sq. km. in 2015. Singapore
has a small albeit developed economy. With a 2017 GDP of 447.3 billion
dollars (Ministry of Trade and Industry 2018), Singapore’s population
of 5.6 million has one of the highest Gross National Income per capita
in the world. Singapore does not have any traditional energy resources
domestically, and its energy sector almost entirely relies on natural gas
imports. Traditionally, most of Singapore’s supply of natural gas has come
from pipelines that connect from Indonesia and Malaysia. However, in a
bid to diversify and improve the security of fuel supply, Singapore has
moved toward Liquefied Natural Gas, with an LNG terminal opening in
2013. As of early 2018, almost a quarter of Singapore’s natural gas supply
is now in the form of LNG (Ng and Heng 2018).
G. Jindal (B) · J. Tao · A. Finenko
Energy Studies Institute, National University of Singapore, Singapore,
Singapore
© The Author(s) 2021
P. Midford and E. Moe (eds.), New Challenges and Solutions
for Renewable Energy, International Political Economy Series,
https://doi.org/10.1007/978-3-030-54514-7_10
225
Solar PV in Singapore in the Absence
of Subsidies
Gautam Jindal, Jacqueline Tao, and Anton Finenko
The Republic of Singapore is a city state, located on one main island
surrounded by many small islets with a total land area that has grown
from 581.5 sq. km. in the 1960s to 719.1 sq. km. in 2015. Singapore
has a small albeit developed economy. With a 2017 GDP of 447.3 billion
dollars (Ministry of Trade and Industry 2018), Singapore’s population
of 5.6 million has one of the highest Gross National Income per capita
in the world. Singapore does not have any traditional energy resources
domestically, and its energy sector almost entirely relies on natural gas
imports. Traditionally, most of Singapore’s supply of natural gas has come
from pipelines that connect from Indonesia and Malaysia. However, in a
bid to diversify and improve the security of fuel supply, Singapore has
moved toward Liquefied Natural Gas, with an LNG terminal opening in
2013. As of early 2018, almost a quarter of Singapore’s natural gas supply
is now in the form of LNG (Ng and Heng 2018).
G. Jindal (B) · J. Tao · A. Finenko
Energy Studies Institute, National University of Singapore, Singapore,
Singapore
© The Author(s) 2021
P. Midford and E. Moe (eds.), New Challenges and Solutions
for Renewable Energy, International Political Economy Series,
https://doi.org/10.1007/978-3-030-54514-7_10
225