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Singapore Invested 1 Billion Singapore Dollars to Build a National Institute to Help Chinese PV Companies


When disputes occurred to European PV market, Singapore Economy Development Board positively seeks for cooperation opportunity at the Shanghai International Solar PV Exhibition.
Wu ziqiang, the executive director of Singapore Economic Development Board, the construction of clean technology and infrastructure, said in the interview "the Asia-Pacific region is expected to become the world's largest PV market in the next two or three years, regardless of Europe ‘anti-dumping and anti-subsidy ' outcome, this trend will not change. As the international investment platform, Singapore is eager to help enterprises from different countries in the Asian – Pacifica region including the Chinese PV companies, especially in Southeast Asia market. "

According to Wu Ziqiang’s analysis, Singapore can offer Chinese PV enterprises the advantages in three aspects. Firstly, Singapore is a convenient and low-risk international platform. The superiorities of intellectual property protection and tax, especially the advanced logistics links Singapore closely to the surrounding countries, which could help the enterprises to ripple throughout the market of Southeast of Asia even of Australia, Middle-east, Africa and so on. The second is the financing environment. Wu ziqiang said, in the financing channel for project development, Singapore is actively inviting multinational bank to settle their new energy department in Singapore and plans to list the business trust of the new energy companies on the stock exchange of Singapore. The third is the “lab” of research and innovation. Singapore has invested 1 billion S dollars as research and invention funds to set up state research institution since 2007, in order to define Singapore as the city lab and testing site. According to reports, Panasonic will develop Singapore as an international base for energy solutions, where they would integrate their PV business, energy storage business, energy-conservation refrigeration business, and build system solution model for demonstration experiments in Singapore.

Trina Solar set its regional headquarters in Singapore in 2012. Asia Pacific, Middle East and Africa president Haiyan Sun thought that Singapore's own market is with limit capacity. The purpose for set the company there is not for selling modules, but carrying out the R&D operation for the standard and efficient battery technology and making use of its location, government resource, financing channel and other advantages to ripple the effect throughout the whole Asia-Pacifica Region.