Union Power reorganises business to include larger solar offering

Union Power executive director Ellen Teo. Union Power installs and operates systems to generate solar power.
Union Power executive director Ellen Teo. Union Power installs and operates systems to generate solar power.PHOTO: UNION POWER

SINGAPORE - Union Power is restructuring its business and aligning its longer-term growth targets with national energy policy to stay viable after a surge in gas prices forced five electricity retailers to pull out of Singapore last month.

Singapore wants to deploy five times more solar energy than today's levels by 2030. This is enough to power about 350,000 households a year.

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