Will funding woes dim Singapore's solar power prospects?

摘要

If Singapore's solar power dreams don't play out well, banks have some explaining to do. Singapore is aggressively ramping up its solar energy capacity, but inadequate access to funding for solar generation companies might prove to be a significant roadblock for the city-states renewable energy agenda. "The main challenge for solar financing in Singapore is the familiarity of some financial institutions to the solar PV renewable business model and with that unfamiliarity tends to heighten the risk aversion and less competitive financing terms," says Camillus Yang, vice president, corporate development and finance at Sunseap, a local clean energy provider.