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Malaysia, Singapore, and Vietnam have signed a Joint Development Agreement to explore exporting renewable electricity from Vietnam's offshore wind resources to Malaysia and Singapore via submarine cables, advancing ASEAN's regional energy integration goal.
Singapore's Royal Golden Eagle (RGE) and France's TotalEnergies, through their joint venture Singa Renewables, will develop a phased solar and battery project in Indonesia's Riau Province. The project aims to supply green energy to local industrial complexes and export solar power to Singapore, supporting regional decarbonization and the ASEAN Power Grid vision.
MGreen has achieved 42% progress on what will be the world’s largest solar-plus-storage project in the Philippines. Set to power 2.4 million homes by 2026, the project marks a major milestone in the country’s energy transition, boosting renewable capacity and energy security
New U.S. tariffs on Chinese solar components threaten to disrupt Vietnam’s clean energy ambitions, as many of its solar exports rely on Chinese materials. The article examines how these trade measures could raise costs, delay projects, and hinder the country’s energy transition plans.
Blended finance is emerging as a powerful tool to accelerate Southeast Asia’s clean energy transition. By combining public and private capital, it helps de-risk investments and catalyze funding for renewable energy projects. The article explores success stories, key challenges, and the need for enabling frameworks to scale impact.
Vietnam has cut LNG import tariffs from 5% to 2% to attract investment and support its energy transition. The move boosts LNG-to-power projects under PDP8, but policy gaps, financing hurdles, and regulatory uncertainties persist. Industry leaders call for comprehensive legal reforms to ensure long-term LNG development and energy security.
Malaysia’s Ministry of Energy Transition has launched the CREAM program to enable rooftop solar aggregation through community leasing to developers. Managed by local aggregators and transmitted via TNB’s grid, the initiative supports decentralized clean energy without raising tariffs and aligns with Malaysia’s renewable energy targets for 2035 and 2050.
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.