British International Investment (BII), the UK’s development finance institution (DFI), committed £308 million in climate finance across South-East Asia during its current strategy period, advancing its ambition to invest up to £500 million by 2026. In a press release, BII said its investments are expected to deliver over 1.8 GW of clean energy capacity and avoid more than 1.6 million tonnes of greenhouse gas emissions, supporting the region’s green transition.South-East Asia is among the most climate-vulnerable regions globally, facing rising sea levels, extreme weather events, and significant threats to food and water security. The region is also heavily dependent on…
Author: Chitrika Grover
The World Bank Group (WBG), through its private sector arm, the International Finance Corporation (IFC), Permodalan Darul Ta’zim (PDT) — the investment arm of Johor State — and Ditrolic Energy have agreed to jointly develop the Southern Johor Renewable Energy Corridor (SJREC).In a press release, the International Financial Corporation (IFC) said, “The 2,000-square-kilometer hybrid solar and battery energy storage zone in Johor can supply clean electricity to support the state’s industrial development and facilitate cross-border electricity trade under the ASEAN Power Grid (APG) initiative.”IFC said the $6 billion project will generate clean electricity to meet the renewable energy needs of…
Singapore-based Aslan Energy Capital (Aslan) signed a Heads of Agreement with the Government of Karimun Regency, Riau Islands, Indonesia, located at the crossroads of Singapore, Malaysia, and Indonesia. This landmark agreement marks a pivotal step in the establishment of MU CITY — a City of Dynamic Innovation in Energy, Mobility, and Urbanization, designed to accelerate Southeast Asia’s transition toward a low-carbon, digital, and inclusive future. Signed in collaboration with the Karimun Regency Government, the agreement affirms a shared commitment to building a next-generation integrated industrial and innovation ecosystem. MU CITY is now firmly positioned as a regional gateway for clean energy, green manufacturing, advanced…
ACCIONA Energía has been awarded a 20-year power supply contract for the full output of two renewable projects totaling 281MW in the Philippines, through Round 4 of the Department of Energy’s Green Energy Auction Program (GEAP).The auction award is for the Kalayaan 2 wind farm (101MW) in Laguna, which is under construction, and the Daanbantayan solar plant (180MWp) in Cebu, where construction will begin before the end of 2025. The award gives long-term certainty for the energy these projects will produce, supporting the Philippines in reaching its renewable energy targets while delivering clean, reliable power to consumers.In addition to these…
Indonesia is advancing its clean energy transition while maintaining a strong reliance on thermal generation, supported by major investments in solar PV, onshore wind, and geothermal energy. The country’s cumulative renewable power capacity is projected to reach 38.1GW by 2035, up from 8.4GW in 2024, registering a compound annual growth rate (CAGR) of 14.7% during 2024–35, reveals GlobalData, a leading data and analytics company.GlobalData’s report, “Indonesia Power Market Trends and Analysis by Capacity, Generation, Transmission, Distribution, Regulations, Key Players and Forecast to 2035,” reveals that solar PV and onshore wind will drive Indonesia’s renewable growth, supported by evolving policy and…
Levanta Renewables (Levanta), Actis’ pan–Southeast Asia renewable energy platform, has completed the acquisition of a fully operational 91 MWp+ ground-mounted solar portfolio in Thailand.Spanning across ten sites in the Suphanburi and Kanchanaburi provinces, the portfolio generates approximately 155 GWh of renewable electricity annually for the Provincial Electricity Authority (PEA) under long-term Power Purchase Agreements (PPAs).This acquisition marks a key milestone in Levanta’s growth in Thailand and reinforces our commitment to supporting the country’s renewable energy ambitions. It reflects our vision to build a cleaner, more resilient energy future for the region. Leadership View Pramod Singh, Chief Executive Officer of Levanta,…
Singapore-based Sembcorp Utilities Pte Ltd, a subsidiary of Sembcorp Industries (Sembcorp), and Sarawak Energy Berhad (SEB) (collectively known as the Consortium), were granted conditional approval by the Energy Market Authority of Singapore (EMA). They received approval to import around 1 GW of renewable energy from Sarawak to Singapore. with support from SP PowerInterconnect as a technical partner.The project, which is anticipated to commence operations around 2035, will import electricity generated predominantly from hydropower sources in Sarawak. These sources are expected to receive sustainability certification under the Hydropower Sustainability Standard. The electricity will be transmitted to Singapore through subsea cables spanning…
Brookfield, a leading global investment firm founded in Canada, has entered into a Joint Investment Framework Agreement with Malaysian clean energy expert, Solarvest Holdings Bhd to jointly develop, construct and operate at least 1.5 GW of utility-scale solar and battery energy storage projects in Malaysia.Brookfield owns and operates one of the world’s largest, most diversified portfolios of renewable power and transition assets with more than 270 GW of operational and development capacity. The partnership with Solarvest is Brookfield’s first investment in Malaysia via its Catalytic Transition Fund, Brookfield’s primary vehicle to invest in and accelerate decarbonization in emerging markets globally.Malaysia…
Sungow, a global solar inverter and energy storage system (ESS) provider recently commissioned Citicore Solar (CS) Batangas 1 Project in Lumbangan, Tuy. It’s part of Philippines’ first solar plant equipped with large-scale battery storage (BESS) to deliver true baseload renewable energy. In a press release the company said with the commissioning of the first phase of Citicore’s 1.5 GWh BESS initiative and the Philippines’ first solar power plant equipped with large-scale battery storage would help to deliver true baseload renewable energy. The company explained, the project is powered by Sungrow’s PowerTitan 2.0 solution. It explained that the 197 MWp solar…
ib vogt, an international solar developer, started construction of its large-scale solar project, the 99 MWp Tantangan Solar Power Plant, during a ceremonial event held on August 6, 2025, in South Cotabato (Philippines). This is one of Mindanao’s key clean energy projects, backed by PHP 4.49 billion (USD 80 million) in green financing from HSBC. It is also one of the first projects to benefit from the joint Development and Construction Facility established by British International Investment (BII) and Pentagreen Capital (Pentagreen), including mezzanine financing. The plant, once completed in 2026, is expected to generate over 150 GWh of clean electricity…