News

Clean power added more to global energy supplies than any other source in 2025, according to the latest Energy Institute statistical review of world energy.

Gulf Energy operates 247 MW in Vietnam and is evaluating new LNG and wind projects. The company targets 40%+ renewables by 2033 and completed an USD 18.2B merger with Intouch to enter data centers.

The Philippines has secured 16.9 GW via green energy auctions, but S&P Global forecasts only 27–28% renewable share by 2030. Solar WACC runs 10–11%—3 to 4 points above regional peers.

Global Energy Monitor released its annual review of global coal use, saying power generation dropped slightly in 2025. While its overall use decreased, the amount of coal-fired power capacity rose by 3.5%, primarily due to new projects in China and India.

Vietnam’s northern province of Quang Ninh has reported a series of positive developments in its wind power sector. The province’s first offshore wind project, Quang Ninh 4 Wind Power Plant, received in-principle approval from the government on May 11.

Now one of the most established offshore wind markets in Asia-Pacific outside China, Taiwan has attracted billions of dollars in investment and built a robust project pipeline.

Despite uncertainties, Chinese wind companies are making headway including a plan to build the UK's largest turbine plant.

Investment demand for data centers in Yokohama is set to surge, including plans for a large-scale floating data center spearheaded by Japanese shipping heavyweight NYK Line in a cross-sector move.

Energy storage scale-up, offshore wind auctions, and shifting power roadmaps emerge as key Asia-Pacific transition themes, BNEF says.

The EU and the UK are not on track to meet their 2030 offshore wind targets. At the same time, Chinese wind-turbine manufacturers – who account for more than half of global wind-turbine capacity – are looking to grow their footprint in the EU market.