Singapore to Build the Biggest Solar Energy Plant
A massive $6.3 billion (US$4.33 billion) plant for making solar energy products is to be built in Singapore. It is set to be the largest plant of its type in the world.
That means the future is looking bright for Singapore’s ambition to become a shining light in the global market for solar and other clean energy.
The plant, which is expected to start production in 2010, will make wafers, cells and modules used to generate solar power.
Amid fast-rising oil prices and growing concerns about climate change, solar power is emerging as a serious option for future energy needs.
Singapore beat almost 200 other possible sites to clinch the plant which will be built on a green-field site in Tuas View with space set aside for supporting industries.
To be built by leading Norwegian solar energy firm Renewable Energy Corp (REC), the plant will be able to produce products that can generate up to 1.5 gigawatts (Gw) of energy every year.
That is enough to power several million households at any one time. Last year, the world as a whole produced products that could generate just 2 Gw in total.
In comparison, the current largest plant in the world, also run by REC in Norway, has a capacity of 650 megawatts (Mw), though plans are in place to double this to 1.3 Gw soon.
The latest mega-project to hit Singapore shores will catapult the Republic into the highest echelon of the global solar energy industry.
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