New business models set to shake up solar energy sector (BT: 22 June 2015)

From blended power solutions to electricity futures and even a crowdsourcing exchange, Singapore is making huge strides

By Chan Yi Wen    yiwenc@sph.com.sg     @ChanYiWenBT

Singapore

THE high upfront cost of solar energy has long dampened its prospects on sunny island Singapore. But the clouds may have finally cleared with a wave of business models that is sweetening the prospects of solar energy.

Now, a second wave is underway, which may spur further uptake.

Technology breakthroughs have already lowered the cost of solar photovoltaics (PVs), which has tumbled about 75 per cent since end-2009, but the upfront costs of installing rooftop solar PVs can be daunting.

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