, Singapore
410 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. 

 

Join Singapore Business Review community

Follow the link s for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Top News

TSH responds to SGX haze queries, cites no fires
The company said it enforced a zero-burning policy from May 2009.
Malaysian and Thai central banks join SG’s BLOOM
They will ensure policy and regulatory considerations are taken into account.