APAC's renewable capacity

It will supply 10MW to 20MW of power to Kratos RES.

China will have the highest installed capacity globally by 2031 at 13.8GW.

The sector is expected to grow by 15% annually until 2031.

This is behind the global figure of 12%.

It is expected to rise to 113GW in 2031.

This is on top of the $500,000 worth of in-kind support from the government.

The company plans to raise the share of electricity from renewables to 95% from 89%.

They will collaborate on technical and regulation areas, amongst others.

The projects under the S$6m grant which opened for proposals last year.

Electricity costs from wind and solar power declined in 2021.

China dominates the global supply chain of solar PV.

It accounts for over 80% of the manufacturing stages of solar panels.

This is expected to generate some 23.9GWh of clean energy annually.

Asia will be the key growth driver, accounting for 55% global generation growth.

Asia is expected to generate 831TWh of gas-fired power over the decade.

It is expected to reach 7,661TWh in 2031.