08:20, May 07, 2008
The Singaporean government launched a new Solar Capability Scheme on Tuesday to encourage the private sector to install solar technologies in new building projects, local media reported.
The new scheme, announced by Singapore's Economic Development Board (EDB), was the Clean Energy Program Office's latest program.
The scheme encourages innovative design and integration of solar technologies into energy efficient buildings. It applies to new building developments in the private sector which meet the required standard, said local TV station Channel NewsAsia.
The private sector can get total 20 million Singapore dollars (about 14.7 million U.S. dollars) to offset part of the capital costs of installing solar energy technologies.
Financial support will range from 30 to 40 percent of the capital cost of the solar solution and cap at 1 million Singapore dollars per project.
Solar energy industry is expected to generate 1.7 billion Singapore dollars in value-added and 7,000 jobs by 2015 in Singapore, said the TV report.