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Floating solar PV capacity is expected to play a key role in fulfilling Southeast Asia’s overall solar expansion, with countries like the Philippines, Indonesia, and Thailand well positioned to use their unique geographies to support the technology.

Thai energy listed company Sermsang Power (SSP) announced an expansion in renewable energy development, with an anticipated investment exceeding 10 billion Thai Baht (about 282 million USD).

The number of green buildings in Vietnam has significantly increased. According to International Finance Corporation, by the end of 2023, Vietnam had 396 buildings that obtained green certification, with a total Gross Floor Area of 104.7 million sq ft.

CarbonPool is set to be the first insurance company in the world with a carbon credit balance sheet. The firm announced the closure of a $12 million funding round on Jan. 29.

Thailand’s UMC Metals and Singapore-based New Energy Capital Asia have signed a power purchase agreement (PPA) for a 1.6 MWp solar project in Thailand featuring floating and ground-mounted solar installations.

CATL has received approval to construct its first offshore wind farm. Additionally, it has been discovered that the company has also established a carbon asset management company, signaling its commitment to a significant development in CCU technology.

Adani Group continues to deepen its collaboration with Vietnam's power generator. Sudipta Bhattacharya, Chief Technology Officer and CEO of Adani Group, visited EVN on Jan. 31, to discuss enhancing cooperation opportunities in energy sector.

Microsoft signed another carbon removal agreement to help accelerate its climate goals. The tech giant made a deal with Grassroots Carbon, a startup offering nature-based soil carbon storage solutions, for soil carbon removal drawdown credits.

The announcement of the constructing of what will be “the largest solar project in the world” has now come from the Philippine Islands. The solar park, called Terra Solar, will have 3,400 to 3,500 MW of solar panels and 4,000 MWh of battery storage.

In response to the EU's CBAM, the trend of the industrial sector in Thailand switching to electric vehicles is becoming increasingly evident. According to official statistics, the registration of electric trucks surged by over 10 times in 2023.

U.S. tech giant Amazon confirm PPA with ENGIE, procuring over half of the power available from Scotland’s Moray West offshore wind farm, securing its title as the world’s largest green energy buyer for the fourth consecutive year as of Jan. 30, 2024.

Event organizers and venue operators in Singapore are undergoing a green transition to attract participants with stronger environmental awareness. Coldplay's Music Of The Spheres World Tour is a notable example of this movement.