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Clime Capital’s Southeast Asia Clean Energy Fund II (SEACEF II) has reached its maximum capitalization with $175 million committed. The fund will invest in early-stage clean energy projects across Southeast Asia, including solar, wind, and energy efficiency, aiming to accelerate the region’s transition to low-carbon, climate-resilient energy systems.
*This excerpt is from a news item collated by SIPET as part of its mission to serve as a one-stop platform for information and knowledge exchange about the energy transition in Southeast Asia. For the full news item, click on the link next to 'Further Information' .
**Photo credit: TN Global
GAC Energy Technology (Thailand) and PowerVault have partnered to advance green energy in Southeast Asia. Their collaboration focuses on developing integrated energy solutions, including solar power, battery storage, and EV charging infrastructure. The alliance aims to support the region’s clean energy transition and address sustainability challenges through innovative technologies.
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.
The U.S. has imposed record-high tariffs on solar panels from Cambodia, Vietnam, Thailand, and Malaysia, with rates up to 3,521%. These measures disproportionately impact smaller Southeast Asian manufacturers and workers, while larger Chinese firms had already relocated operations to avoid such penalties.
Masdar has strengthened its partnership with Indonesia’s PLN to develop Southeast Asia’s largest floating solar power plant, advancing Indonesia’s net-zero goals. The 145 MW Cirata Floating Solar PV project showcases Indonesia’s clean energy potential and Masdar’s commitment to accelerating renewable energy deployment across the region through innovative, scalable solutions.
**Photo credit: ESG News
Southeast Asia is set to become a key global hub for sustainable aviation fuel (SAF), driven by strong government support, abundant feedstock, and strategic location. The ASEAN region is aligning policies to scale up SAF production and investment, aiming to support aviation decarbonization and regional economic growth.
**Photo credit: ASEAN
Green startups in Southeast Asia are facing funding slowdowns as global investor interest in climate tech declines. Despite challenges like cash flow issues and delayed scaling, many continue to prioritize their climate goals by streamlining operations, building local partnerships, and focusing on long-term impact over rapid growth.