Showing 1-8 of 20 Sort by
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.
*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' .
The ASEAN Centre for Energy received a $7.7 million World Bank grant to advance the ASEAN Power Grid, aiming for operation by 2045. The funding supports technical studies, project preparation, and ACE’s capacity to coordinate regional power trade under the ASEAN Vision 2020 framework.
Singapore has issued draft guidance on the use of carbon credits to support corporate decarbonization efforts. The guidelines stress using credits only after all viable emissions reductions and outline principles for high-quality credits, including additionality, permanence, and transparency. Companies are encouraged to manage credit risks and disclose usage.
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.
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.
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.
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