Get a grant to invest in energy efficient equipment or technologies.

For who?

• Singapore-registered owners or operators of existing or proposed industrial facilities sited in Singapore.

For what?

• To encourage companies to upgrade to more energy efficient equipment or technologies.
  
  
• To qualify, your proposed project must:
  
  
  • involve the installation and use of energy efficient equipment or technologies with a proven track record of energy savings in an industrial facility
  • result in measurable and verifiable energy savings
  • not have been contracted at the time of application
  • be completed within 18 months from grant approval

How much?

• Up to 50% of the qualifying costs, capped at S$2 million per project.
  
  
• Qualifying costs include:
  
  
  • manpower cost
  • equipment and materials
  • professional services, e.g. detailed engineering design, and measurement and verification services
    
    
• Only projects with a payback* of more than 3 years and up to 7 years will be considered for funding.
  
  *Payback is calculated using the total project costs divided by estimated annual energy cost savings. Total project costs comprise the qualifying costs and other costs that might be incurred in implementing the project.
  
  
• Disbursements will be made on a reimbursement basis in 3 parts. The disbursement schedule is as follows:
  
  

  Disbursement Schedule	Milestone
  1st reimbursement	Upon project completion and submission of 1st M&V report
  2nd reimbursement (17th - 18th month after 1st reimbursement)	Upon submission of 2nd M&V report
  3rd reimbursement (17th - 18th month after 2nd reimbursement)	Upon submission of 3rd M&V report

Things to note

• Projects must demonstrate measurable and verifiable energy savings to be eligible. If your project involves behavioural or operational changes or saves utilities bill but does not result in measurable and verifiable energy savings, it will not qualify for funding.
  
  
• You must submit a measurement and verification (M&V) plan within 3 months of grant approval.
  
  
• You must sign your contract(s) with equipment/technology provider(s) within 4 months of grant approval, and submit the contract(s) to the National Environment Agency (NEA).
  
  
• You must complete your project and submit your first M&V report within 14 months from the time you submit your equipment or technology provider contracts(s) to NEA.

For more info

Grant for Energy Efficient Technologies (GREET)
National Environment Agency (NEA)