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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.

The Vietnam Steel Association has announced that Vietnam’s steel industry has targeted to achieve carbon neutrality by 2050 and has started transitioning to a greener model of production.

Sabah draws a 17-year plan that is meant to tackle the state’s chronic power issues while also establishing a long-term action plan for energy industry.

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

Malaysia’s PM said that climate change poses a significant global threat. To comat climate crises, the country is seeking to enhance cooperation in green technologies with Japan and South Korea.

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.

Renewable energy generation in Southeast Asia can generate USD 90 billion to 100 billion in sustainable revenues by 2030, according to a new report.

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.