Sunday, January 4, 2015

Solar power to produce 5% of electricity in Singapore by 2020

Singapore plans to introduce 350 MWp (5% of Singapore’s energgy mix) of solar capacity by 2020. Singapore 2013 electricity consumption is 43.23 billion kWh, which is equivalent to a 5 GW (5000 MW) plant running at full capacity.

The HDB and buildings roof top, including SAF barracks are considered for installation. In addition, there is pilot projects of floating solar plants using water sites.
The large scale deployment of solar around the world is due to the relentless drop in the cost of photovoltaic cell (PV cell), thanks to the ruthless cost cutting of China manufacturers. The cost of PV cell has drop from US$76.67 per watt in 1977, to US$0.36 per watt today.

A research by Germany has shown that solar power deployment especially at utility scale of deployment is competitive against not just natural gas, but coal which  is the cheapest energy source. The generation cost for utility PV can cost as low as €0.08 per kWh, which is around SG$0.13 per kWh. Natural gas generation cost somewhere from €0.07 to €0.10. The price of solar is expect to fall even further as technology improves and as well as economy of scale due to further mass production in China.

In comparison, Singaporeans are buying electricity at SG$0.18 kWh today, and that is after a massive drop of oil price. Given the abundance of sunshine in Singapore, it would be a matter of time before property owners to start generating their own electricity.

Singapore electricity Tariff Q1 2015 

Thursday, January 1, 2015

Singapore to register 2nd lowest economic growth in SE Asia

Despite being lord over by our super talent government, Singapore was predicted to register 2nd lowest economic growth in SE Asia. Meanwhile, our neighbors that are being denigrated as corrupt are now full speed ahead. Another explanation is high economic growth has less to do with good government but rather, it is natural that developing country will grow faster. If so, PAP should stop bragging that economic growth is due to their effort,

Despite of spread our legs wide, having access to every single worker in this whole planet and flooding Singapore with foreigners, the prospect of Singapore remains bleak.

Since the reign of Goh Chok Tong during the early 1990s, Singapore has been sinking and the scholar leaders have been squandering the legacy of old PAP.

In short, the PAP government today is useless.