SINGAPORE (Mar 12): Frank Phuan leased his first solar panel to a German international school here in 2006, he was the only player around. The business of solar leasing did not exist then, but was developed by Phuan as a means to circumvent the licensing requirements for the sale of energy. “It was the ­Energy Market Authority (EMA) that hinted [at the idea of solar leasing] to us. They said: ‘We like your solar power idea without upfront costs. Why don’t you make it like a commercial lease agreement? Like a photocopy machine, a solar system can be leased’”,” recalls Phuan. “Hence, we started the whole idea of solar leasing.”

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