
Raising solar deployment target also has ‘economic and geopolitical’ component: Energy expert

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Singapore is raising its solar deployment target from 2 GWp to 3 GWp by 2030, reflecting the growth of its solar industry and enhancing energy resilience. Experts highlight that local solar generation reduces dependence on imported fuels. The new target aims to meet about 4% of the country's electricity demand by 2030, with potential to reach 8.6 GWp by 2050. The Energy Market Authority plans to deploy solar panels on rooftops, land, and water surfaces. Analysts warn of potential energy price spikes due to geopolitical tensions affecting oil and gas supply.
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