15 Sep '11, 8am

Singapore's first solar leasing project to kick off in Punggol Eco-Town

Singapore's first solar leasing project to kick off in Punggol Eco-Town

The Housing & Development Board (HDB) on Thursday announced that 45 blocks in Punggol will be fitted with solar panels in Singapore's first solar leasing project, marking a milestone in the country's fledgling solar industry. -- ST PHOTO: MUGILAN RAJASEGERAN By Jessica Cheam The Housing & Development Board (HDB) on Thursday announced that 45 blocks in Punggol will be fitted with solar panels in Singapore's first solar leasing project, marking a milestone in the country's fledgling solar industry. Local solar manufacturer Sunseap Enterprises bagged the tender to design, finance and install the 2 MWp (mega-watt peak) solar system in Punggol Eco-Town. HDB will foot 30 per cent of the start up costs at $3.28 million. The company will pay the rest of the cost, but will recover this over the next 20 years by selling the solar power generated from the solar panels to Pasir-Ris Pu...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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