News and Updates

The Energy Regulatory Commission (ERC) is continuing with its ERC sandbox by promoting a new pilot renewable power trade project between Gulf Energy Development Plc and Pandora, a Danish jewellery company.

The project focuses on a "virtual power purchase agreement", also known as a VPPA, with Gulf and Pandora jointly pioneering the VPPA.

The two companies recently signed a memorandum of understanding (MoU) for a one-year project to study, develop and implement this renewable power trade.

*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: Bangkok Post

The Central Administrative Court is being asked to examine a 3.7-billion-baht lawsuit filed by the listed solar farm developer SPCG Plc against the Provincial Electricity Authority (PEA) for allegedly unfairly discontinuing the company's solar farm project in the Eastern Economic Corridor (EEC).

The PEA was asked by the EEC Office in 2019 to plan for a supply of clean energy in the three provinces covered by the EEC, which led to cooperation between the state utility, its wholly owned subsidiary PEA Encom International and SET-listed SPCG.

They jointly set up Set Energy Co, with SPCG as the largest shareholder, to develop and operate the solar farm with a power generation capacity of at least 500 megawatts.

*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: Bangkok Post

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

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.

​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.

*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: ESG News

Thailand is making a significant shift towards a green economy, with individuals and households playing an active role in the transition by installing rooftop solar panels. According to research by Kasikorn Research Center (K-Research), the adoption of solar rooftops is expected to continue growing steadily, driven by their cost-effectiveness and increasing marketing efforts by solar providers. Banks in Thailand are also now offering green financial products, including solar rooftop loan packages, to encourage households to embrace sustainability and reduce energy costs.