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SINGAPORE: The private sector can tap on S$20 million to offset part of the capital costs of installing solar technologies in new building projects, the Economic Development Board (EDB) announced on Tuesday.
The Solar Capability Scheme (SCS), launched at SEMICON Singapore 2008, is the latest programme by the Clean Energy Programme Office (CEPO). It seeks to build up the capabilities of companies through increased adoption of solar energy technologies.
The scheme also 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.
The amount of financial support for each qualifying project will be assessed
on factors such as innovation, design, effectiveness and skills development in the proposed solutions.
Financial support will range from 30 to 40 per cent of the capital cost of the solar solution and capped at S$1 million per project.
The EDB said applications for existing buildings undergoing extensive retrofit will be considered on a case by case basis.
Last year, the government announced a total of S$350 million from various agencies to support the development of the Clean Energy industry.
Singapore aims to grow the Clean Energy industry to generate S$1.7 billion in value-added and 7,000 jobs by 2015. - CNA/ac
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