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ASEAN outlined ambitious targets of a 23 percent share of renewable energy in the total primary Energy Supply (TPES) and a 35 percent share of RE in the regional's installed power capacity.
Michael Bay
Rika Safrina
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.
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.
Vietnam announced plans to boost its generation capacity to 183–236 GW by 2030, requiring $136 billion in investment. The plan includes the development of nuclear power by 2030–2035, a strong focus on renewables, and transmission upgrades. The move aims to support rising electricity demand and ensure energy security.
Indonesia has initiated a green hydrogen collaboration to decarbonize its maritime sector, aligning with its Nationally Determined Contributions. PT PLN, the Ministry of Transportation, PT HDF Energy Indonesia, and PT ASDP Indonesia Ferry signed a joint study agreement to explore green hydrogen as marine fuel.