Chinese PV companies aim at Singapore to take the opportunity to enter Southeast Asia

Southeast Asia, with a population of 500 million, is becoming the target market for Chinese PV companies, and Singapore is the bridgehead for the latter to seize Southeast Asia. Xu Renhe, Director of Greater China of the Singapore Economic Development Bureau, revealed in an interview with this reporter that since last year, many Chinese companies including China Guangdong Nuclear Power and Trina Solar have invested in the region. Huge potential for photovoltaic applications.

According to Xu Renhe, Sichuan Hanlong Group has planned to invest $100 million in 2012 to set up Congguang's overseas headquarters in Singapore, focusing on technology research and development, system integration and market development.

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“Singapore’s strategic location can be a platform for photovoltaic companies to enter the markets of Southeast Asia and even New Zealand and Australia.” Xu Renhe said that although Singapore has a small area and a small population, the entire Southeast Asia region has a population of 500 million. The regional location of a region is close to the equator, and the sunshine resources are abundant. Currently, it is becoming a potential photovoltaic market.

“For example, Indonesia has a lot of small islands. It is very difficult to connect with wires, but it is very suitable for photovoltaic off-grid power generation. With the humid climate in Southeast Asia, we need to make corresponding adjustments to the PV module technical standards. This is why companies will choose to go to Singapore first. R & D reasons." Xu Renhe said.