, Singapore
385 views

More SG solar professionals get pay hikes in 2022

Over 80% of them received a salary increase.

Renewable energy may be booming in Singapore evident salary increases and bonuses solar professionals in the country received in 2022, a report found. 

According to its 2022 salary snapshot, the LVI Associates found that 82% of solar professionals in Singapore received a salary increase, which is up 8% compared to 2021. Also, around 82% of them received a bonus, which is similar to 2021. 

READ MORE: Thailand, Singapore lead in energy transition readiness in SEA: PwC

“Although limitations still exist when deploying solar projects in Singapore, 2021 saw the country unveil one of the world’s largest floating solar panel farms, spanning an area equivalent to 45 football fields and producing enough electricity to power the island’s five water treatment plants,” the report noted. 

This is higher than the 68% of solar professionals in Japan who reported salary increases and the 75% who received a bonus this year.

READ MORE: Singapore zooms in on renewable energy amidst energy insecurity

Meanwhile, fewer solar professionals in Australia saw their salaries rise this year with only 67%, which is a drop of 10% compared to 2021. 

“In Australia, the number of people who received a bonus this year compared to last decreased sharply by 26%, though many people received a higher sum if they did receive a bonus,” the report also read. 

 

Follow the link s for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.