ACE receives $7.7m grant for Southeast Asian power grid

Keppel and the Asian Infrastructure Investment Bank (AIIB) have partnered to facilitate up to US$1.5 billion in sustainable infrastructure investments across Asia-Pacific by 2030. The five-year collaboration will target green, tech-enabled projects in energy, transport, and urban services, addressing the region’s growing infrastructure needs amid rapid urbanization and digitalization.

Singapore has issued draft guidance on the use of carbon credits to support corporate decarbonization efforts.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.

Việt Nam is advancing its energy transition with strong offshore wind potential of 600GW—the highest in Southeast Asia. The updated Power Development Plan (PDP8) prioritizes renewables, energy storage, and green fuels. While challenges remain in grid upgrades and energy security, digitalization and international cooperation offer critical opportunities for sustainable growth.

The Philippines’ Department of Energy has launched its Fifth Green Energy Auction (GEA-5), focusing solely on fixed-bottom offshore wind. With a target of 3,300 MW and delivery scheduled between 2028 and 2030, GEA-5 aims to build a strong foundation for the offshore wind sector using proven, scalable technology.