News

Singapore leads Southeast Asia in the number of green startups, with 494 companies accounting for around 45% of the regional total—far surpassing second- and third-ranked Indonesia and Malaysia.

Japanese renewable energy developer Shizen Energy announced on Dec. 15 that it has signed a power purchase agreement (PPA) with U.S. technology giant Google to develop a 29.9 MW solar photovoltaic project in Malaysia.

Singapore’s state investment fund–backed conglomerate Sembcorp Industries announced on Dec. 11 that it will acquire Alinta Energy, an Australian power producer owned by Hong Kong’s Chow Tai Fook Enterprises, for AUD 5.6 billion (roughly USD 3.7 billion).

The Philippines, which has taken over the ASEAN chairmanship, plans to strengthen regional grid interconnections and accelerate work on the ASEAN Power Grid (APG). The Department of Energy (DOE) aims to release a policy framework in January 2026.

Hanoi has outlined an ambitious power development plan that aims to lift the city’s solar capacity to 1,500 MW by 2030, with a strong emphasis on accelerating the rollout of rooftop systems.

Vingroup has quietly expanded into power sales and transmission through its renewable energy arm, VinEnergo. 

Vietnam is accelerating the development of energy storage and is expected to release detailed pricing rules as early as the end of 2025, offering investors a clearer market outlook.

Two policy moves this week signaled renewed offshore wind momentum in Southeast Asia, with the Philippines launching its first offshore wind-only auction and Vietnam issuing a draft capital framework.

Indonesia plans to build a trilateral data center with Singapore and Malaysia, aiming to establish interconnected facilities supported by a “Green Super Grid” developed by state utility PLN.

As visitors stepped into the COP30 venue in Belém, Brazil, one of the most prominent sights in the entrance hall was China's presence: the national flag, panda mascots, and published works by President Xi Jinping.