Key Market Indicators
Singapore's renewable energy generation is on a steady upward trajectory, projected to reach approximately 1.2 terawatt-hours by 2028. This marks an increase from the current level of around 1.1 terawatt-hours in 2023. The sector is expected to grow at a compounded annual growth rate of nearly 2%. Historical data reveals a consistent rise in renewable energy output since 1991, with an annual growth rate of about 3.3%. This long-term trend underscores the nation's commitment to expanding its renewable energy capacity.
