Budget 2026: Solar deployment 2030 target raised to 3GW-peak

Singapore is also advancing plans to import low carbon electricity.

Singapore has raised its solar deployment target to 3 Gigawatt-peak (GW-peak) by 2030, having already reached its original 2GW-peak ahead of schedule, said Prime Minister Lawrence Wong.

“Beyond that, we will continue to maximize solar deployment across all viable services and progressively set more ambitious targets further into the future,” Wong said during his Budget 2026 speech on 12 February 2026.

Singapore is also advancing plans to import low carbon electricity from the region.

Singapore’s path to net zero will depend heavily on technological breakthroughs and sustained international cooperation, according to Wong.

“Without these, it will be increasingly difficult for a small resource country like Singapore to move further on our own. The progress of our transition to net zero may therefore be uneven, but our efforts will be credible,” Wong said.

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SG Budget 2026

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