Home » Business » Solar energy firm Sunseap leads Singapore closer to its 2040 clean energy goal with a focus on photovoltaic farms, data centers, and creative solutions to geographic challenges
Solar energy firm Sunseap leads Singapore closer to its 2040 clean energy goal with a focus on photovoltaic farms, data centers, and creative solutions to geographic challenges
Singapore last year announced a seven-fold increase of its solar capacity.
Solar energy firm Sunseap, led by Frank Phua, is working on a number of innovative projects, including the world's largest floating coastal photovoltaic (PV) farm.
Singapore's energy-guzzling data centers are a target for green energy providers such as Sunseap.
A lack of global standards around solar technology is a major obstacle for the sector, but Singapore could emerge as a global leader in this respect.
Because of his work, Business Insider named Sunseap CEO and cofounder Frank Phua to our annual list of the 10 leaders transforming energy in Asia.
Visit Business Insider's Transforming Business homepage for more stories.
Late last year, Singapore signaled its commitment to renewable energy by announcing plans to increase its solar capacity by more than seven times by 2030. The Singaporean government said it will maximize the deployment of solar panels across the island state to increase the current 260 megawatt-peak (MWp) of installed solar capacity to 2 gigawatt-peak (GWp).
While the new target capacity will still eventually meet just 4% of Singapore's total electricity demands, based on current power needs nonetheless it highlights Singapore's growing reputation as a regional leader in the solar power sector.
This is good news not just for the environment, but also for solar panel manufacturers and installers such as Sunseap, Singapore's largest clean energy solutions provider.
"What was announced in Singapore is very encouraging," Sunseap cofounder and CEO Frank Phua said. "It's a great acceleration for the solar industry in Singapore. I believe this is just a start. Singapore has plans for carbon neutrality and we are going to need a lot more solar to achieve this."