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Renewable energy deals are spreading across Southeast Asia as the region works to transition away from fossil fuels, with electricity-hungry Singapore as a driving power.

Singapore’s first electric cargo vessel is scheduled to begin trials and launch in the fourth quarter to support the electrification of marine craft.

ACEN announced that its subsidiary had agreed with Indonesian company to explore potential renewable energy projects in Indonesia.

Thailand is expected to announce a new energy price structure around the end of this year or early 2024 to attract businesses to invest in renewable energy projects.

Southeast Asia is the world's third-largest two-wheeler market. In Indonesia, the biggest ride-hailing service operator Gojek, plans to replace all two-wheelers with electric motorbikes by 2030.

Singapore may start importing 2 GW of renewable energy annually from Indonesia within five years. These imports would account for 15% of its annual needs, marking its largest-ever cross-border electricity deal.

Malaysia’s Sarawak state aims to supply 1 GW of renewable energy to Singapore by 2032, with negotiations to provide the electricity through submarine cables, according to Sarawak Energy Berhad.

Indonesia's PLN plans to add 32 GW of renewable energy capacity and invest in grids that would be able to connect to more renewable energy.

The power-hungry Luzon grid, which supplies electricity to the National Capital Region of the Philippines, will receive additional supply from three floating solar farms in Laguna Lake within two years.

Singapore’s Vena Energy is aiming to start construction for its 2 GW solar and battery project in Indonesia’s Riau Islands by 2026, and is plans to supply electricity to Singapore before 2030.