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Vietnam
The Vietnam Low Emission Energy Programme II (V-LEEP II), which is worth US$36 million and funded by the US Agency for International Development (USAID), was kicked off in Hà Nội late last week.
Green investments in Southeast Asia’s SEA-6 economies rose 43% year-on-year to $8 billion in 2024, driven by strong activity in solar and waste management sectors. Malaysia and Singapore led the surge, accounting for over 60% of deal volume.
Indonesia plans to add 103 GW of new power capacity by 2040, with a strong focus on renewable energy. According to the president’s aide, contracts for this expansion are expected to be awarded within the next five years as the country accelerates efforts to diversify its energy mix and reduce emissions.
Vietnam announced plans to boost its generation capacity to 183–236 GW by 2030, requiring $136 billion in investment. The plan includes the development of nuclear power by 2030–2035, a strong focus on renewables, and transmission upgrades. The move aims to support rising electricity demand and ensure energy security.
Indonesia has initiated a green hydrogen collaboration to decarbonize its maritime sector, aligning with its Nationally Determined Contributions. PT PLN, the Ministry of Transportation, PT HDF Energy Indonesia, and PT ASDP Indonesia Ferry signed a joint study agreement to explore green hydrogen as marine fuel.