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Sustainable Asia Renewable Assets (SARA), backed by BII, FMO, and SUSI Partners, will invest up to $700 million in Southeast Asia’s clean energy sector, developing 500 MW of solar, wind, and hydropower projects in the Philippines and Vietnam.
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.
The Philippines’ Department of Energy has launched its Fifth Green Energy Auction (GEA-5), focusing solely on fixed-bottom offshore wind. With a target of 3,300 MW and delivery scheduled between 2028 and 2030, GEA-5 aims to build a strong foundation for the offshore wind sector using proven, scalable technology.
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.
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.
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
Malaysia must enact radical changes to expand its renewable energy capacity amid tightening regulations. The country faces challenges like grid limitations, policy uncertainty, and slow project approvals. Experts urge clearer policies, faster implementation, and improved investor confidence to meet its clean energy targets and support a sustainable energy transition.
**Photo credit: Luiz Cent / Unsplash