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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 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
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.
**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
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.