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Solar Energy the Main Draw for Green Investments in South-east Asia: Report
The Straits Times
|May 07, 2025
Investors are most drawn to solar energy projects for green investments in South-east Asia, according to a report released on May 6.
More than 30 per cent of 2024's green investments in the region were in solar energy, the South-east Asia's Green Economy 2025 report found. These included solar and battery energy storage facilities, as well as manufacturing plants for solar cells and panels.
A collaboration between Bain and Company, Temasek, Google, GenZero and Standard Chartered, the report also showed that more than 62 per cent of green investments in South-east Asia were made in Singapore and Malaysia.
Total investment in solar energy in Singapore hit US$384 million (S$496 million) in 2024, up from US$66 million in 2023. Overall, green investments in Singapore drew US$2.7 billion in 2024, around three times the US$900 million in 2023.
A total of 69 per cent of green investments in South-east Asian countries made in 2024 were by foreign investors, both within and outside the region. Singapore was the most active investor in the region, being involved in 39 per cent of deals.
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