Rising energy tariffs are reshaping the way small and medium-sized enterprises (SMEs) in Singapore manage logistics. For companies dependent on fleet operations, electricity price volatility can disrupt budgets and squeeze margins. By combining rooftop solar generation with electric vehicle (EV) charging hubs, SMEs gain a shield against cost spikes while meeting the nation’s growing environmental, social, and governance (ESG) compliance requirements.
Rising Tariffs and the Urgency for Change
Singapore’s average commercial electricity tariffs have been on a steady climb, reflecting global fuel market volatility and domestic reliance on natural gas for about 95% of power generation. The Energy Market Authority (EMA) projects that demand from data centers and logistics growth will place further upward pressure on prices.
This is where solar provides strategic relief. With 1.5 gigawatt-peak (GWp) of solar capacity already being deployed this year, Singapore has surpassed its target ahead of schedule and is on track to achieve 2 GWp by 2030, according to Senior Minister Teo Chee Hean and the National Climate Change Secretariat, Singapore. For SMEs, tapping into this growing solar ecosystem is not just about sustainability—it is a financial hedge against rising tariffs.
Rooftop Solar: A Proven Cost Stabilizer
Rooftop solar installations, deployed across industrial estates and Housing & Development Board (HDB) buildings under the SolarNova programme, demonstrate the scalability of distributed solar power. By generating energy onsite, businesses bypass grid volatility, lock in stable pricing, and even sell excess power back to the grid through market mechanisms overseen by EMA.
The Building and Construction Authority (BCA) recently certified the RedLion2 logistics hub by DSV - Global Transport and Logistics Solutions Asia Pacific as Singapore’s first Positive Energy Building, producing 15% more energy than it consumes. Backed by the Singapore Economic Development Board (EDB), this project shows how solar can deliver measurable operational savings and resilience for logistics players.
Green Volt brings this model directly to SMEs by integrating rooftop solar from Energio Solar with fast-charging infrastructure from EVOne Charging. The result is a turnkey hub that reduces dependence on volatile grid prices from day one.
Solar + EV Integration: Delivering ROI and Compliance
Pairing solar with EV fleets delivers compounding benefits. The Land Transport Authority (LTA) aims to deploy 60,000 charging points by 2030 and phase out diesel vehicles entirely by 2040. Incentives like the Electric Vehicle Early Adoption Incentive (EEAI) and the Vehicular Emissions Scheme (VES) provide rebates of up to S$40,000 per vehicle.
For SMEs, this means lower upfront EV costs combined with solar-charged operations that slash fuel expenses. Just as importantly, solar + EV data feeds directly into emissions reporting frameworks mandated by the Singapore Exchange Regulation (SGX RegCo) and the Accounting and Corporate Regulatory Authority (ACRA) starting FY 2025.
Platforms such as Gprnt.Ai and ESGpedia under the Monetary Authority of Singapore’s (MAS) Project Greenprint convert this operational data into standardized disclosures, strengthening tender eligibility and investor confidence.
Powering the Future with Green Volt
Singapore’s clean energy roadmap is clear: accelerate solar, electrify transport, and hardwire ESG compliance. For SMEs in logistics, the opportunity is immediate. By adopting solar-integrated EV depots, they can shield themselves from rising tariffs, control costs, and prove their ESG impact with verifiable data.
At Green Volt Pte Ltd, we deliver solar-charged fleet solutions built for resilience and compliance. Our systems combine rooftop solar from Energio Solar with fast-charging support from EVOne Charging, helping SMEs turn depots into power assets.
Don’t just absorb rising tariffs. Lock in your energy costs and lead Singapore’s solar logistics future. Explore our solutions here:https://greenvolt.sg
