Enigin News - Building Energy Efficiency Grants of S$3M for Singapore
Singapore’s developers and building owners can expect more funding from the City State’s Building and Construction Authority (BCA) to improve the energy efficiency of their buildings according to channelnewsasia.com.
Channel News Asia reports that under the Republic’s enhanced Green Mark Incentive Scheme for Existing Buildings, BCA will co-fund up to 50 per cent or S$3 million (US$2.39M) of the cost of building projects, an increase in grant money from this scheme.
The incentive covers purchasing of energy-efficient equipment, such as LED lightings and chillers, the installation of the equipment and consultancy fees. Applicants must meet is the Green Mark standard to qualify for the grant, which rates the sustainability of buildings in tropical regions, with the different levels offering different levels of grant.
Once qualified, building owners who upgrade their buildings up to Green Mark Platinum standard will receive the maximum amount of funding, while upgraded to Green Mark Gold Plus standard can receive up to S$2.25 million of co-funding, and those rated Green Mark Gold will get up to S$1.5 million.
The scheme was launched in 2009 and is worth S$100 million altogether, these new grant amounts see a rise in available funding for projects from the initial scheme. Industry leaders believe the increased funding will help them implement more energy-efficient features, which will result in lower electricity bills.
Up to this current time there are or have been more than 1,200 green building projects, equivalent to 16 per cent of gross floor area of the buildings in Singapore. With the target to "green" 80 per cent of buildings by 2030.
Enigin Distributors in the region are ideally placed to help businesses with consultation, technology and installations of cutting edge energy efficiency technology from Enigin. To discover how you can benefit form this grant and reduce energy consumption and bills contact your local Enigin Distributor now.
By chensiyuan (chensiyuan) [GFDL or CC-BY-SA-3.0-2.5-2.0-1.0], via Wikimedia Commons
Friday 27th July 2012