News and Updates

Malaysia and Turkiye have taken a significant step towards enhancing energy supply security and sustainability by exploring cooperation opportunities in the energy sector. The collaboration aims to stimulate economic growth through green investments, according to the Ministry of Energy Transition and Water Transformation.

In a statement, the ministry announced that an exchange of letters of intent took place yesterday, coinciding with the official visit of Turkiye’s President Recep Tayyip Erdoğan to Malaysia.

The partnership will focus on key areas such as electricity market operations, grid system development, expansion of renewable energy sources, exploration of nuclear energy potential, and investment and financing mechanisms within the energy sector.

*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: Wikimedia Commons

Grab Holdings will deploy up to 50,000 electric cars made by China's BYD across Southeast Asia as it works to boost the number of EVs on the region's roads.

Under a new partnership between the companies, Grab's drivers and "fleet partners" -- which include car rental companies that provide vehicles to Grab drivers -- will get access to BYD vehicles at "the most competitive rates," with extended warranties on the batteries, they announced Wednesday. Drivers will have the option to rent the EVs from Grab's fleet partners or opt for financing support through its car ownership schemes.

*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: Yuki Kohara and Ken Kobayashi

Singapore – which is exploring 7.35 gigawatts (GW) worth of clean power deals in Southeast Asia to meet its decarbonisation goals – is looking to develop a framework that recognises renewable energy credits (RECs) from these transactions, in a bid to increase the viability of costly cross-border projects for developers.

*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: Wikimedia Commons

Singapore and Malaysia are looking to expand cooperation into areas such as electricity trading and renewable energy cooperation.

This is on top of existing infrastructure projects such as the Johor-Singapore Special Economic Zone (JS-SEZ) for business and investment, and the Johor Bahru-Singapore Rapid Transit System (RTS) Link, which is slated to start operations by end-2026.

Speaking to Singapore media on Jan 7 at the end of the 11th Malaysia-Singapore Leaders’ Retreat in Putrajaya, Malaysia, Prime Minister Lawrence Wong said one major project in the works is the import of electricity from Sarawak via undersea cables.

Besides the JS-SEZ agreement, six memorandums of understanding and a letter of intent were exchanged on Jan 7 at the Leaders’ Retreat, where PM Wong was hosted by Malaysian Prime Minister Anwar Ibrahim. Areas covered included carbon storage and capture and carbon credits cooperation.

*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: The Straits Times

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.

*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: 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.

*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' . 

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.

*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: Luiz Cent / Unsplash

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.