News

Malaysia's TNB is making significant progress in its pledge to drive large-scale renewable energy and clean technology initiatives, spearheading three flagship projects as outlined in the NETR.

PLN Nusantara Power and UAE’s Masdar have agreed to develop phase II of the Cirata floating PV power plant in Indonesia by up to 500MW, in a major expansion to the largest FPV plant in Southeast Asia.

Several Southeast Asian countries have expressed interest in purchasing Vietnam's renewable energy. Therefore, some have urged the government to establish a legal framework for energy trading.

Indonesia’s PT Barito Renewables energy Tbk is preparing an IPO on the Indonesian stock exchange, following PT Pertamina Geothermal Energy Tbk, another geothermal operator that entered the market earlier this year.

Solarvest said it has acquired rooftop solar projects totaling 12.8 MWp in Vietnam, with another 100 MWp being tendered in the country.

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.

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.

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.

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.