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Southeast Asia Invests $4.6B in Renewable Energy Transition

1/6/2026

Summary

Story summary

Southeast Asian governments are shifting from fossil fuels to renewables, with $4.6 billion in clean energy investments in 2024 led regionally by Brookfield Asset Management.
Vietnam emerged as the largest solar power producer, generating 44% of its electricity from low-carbon sources.
The Philippines aims for 35% renewable electricity by 2030, and Indonesia targets 44% by 2030.
Both nations are expanding renewables through investments and government support, despite ongoing coal reliance.

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Story summary

Southeast Asian governments are shifting from fossil fuels to renewables, with $4.6 billion in clean energy investments in 2024 led regionally by Brookfield Asset Management.
Vietnam emerged as the largest solar power producer, generating 44% of its electricity from low-carbon sources.
The Philippines aims for 35% renewable electricity by 2030, and Indonesia targets 44% by 2030.
Both nations are expanding renewables through investments and government support, despite ongoing coal reliance.