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. PHOTO: UNION POWER
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.