Singapore is a small island country with little natural resources. As Singapore's economy grows rapidly since the last few decades, the country's energy comsumption have also risen steadily. Today, about 80% of Singapore's electricity is generated by importing gas from Indonesia and Malaysia.
Many renewable energy sources such as geothermal, hydro, wind and tidal sources are not viable at present. Solar energy is feasible but expensive compared to conventional fuel even at today's high oil price.
Singapore is looking for ways to harness solar, wind and other renewable sources in a cheaper and more efficient way.
Reference: http://app.mti.gov.sg/default.asp?id=148&articleID=5621
By Peiqi
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