Why Southeast Asia’s green energy boom hinges on smart grid investment

Thailand’s upcoming Power Development Plan, due next year, will prioritize managing the surge in solar generation, grid stability, and backup power systems. The plan aims to align the country’s energy outlook with economic growth while guiding corporate decarbonization and investment decisions.

Mets Cold Storage has signed a deal with First Gen Corp. to power its nationwide facilities with up to 2.05 MW of geothermal energy from Mount Apo. The partnership supports Mets’ expansion and highlights geothermal power’s growing role in the Philippines’ low-carbon transition.

The Philippines is moving toward nuclear power with the creation of the Philippine Atomic Energy Regulatory Authority (PhilAtom), signaling policy certainty for investors. The government targets 1,200 MW of nuclear capacity by 2032 across 15 potential sites. Officials are exploring separate auctions and multilateral financing, with U.S. backing pushing institutions like the World Bank and ADB to consider nuclear investments.

Indonesia signed a Mutual Recognition Agreement with Verra, linking its national carbon registry (SRN-PPI) to global standards and unlocking up to 50 million carbon credits ahead of COP30. The partnership, which follows collaboration with Gold Standard, aims to enhance transparency, attract international buyers, and align Indonesia’s carbon market with its Paris Agreement and NDC goals.