A RACE TO THE TOP: SOUTHEAST ASIA 2024 GLOBAL ENERGY MONITOR REPORT

The report finds that while Southeast Asia has increased its operating utility-scale solar and wind capacity by 20% since January 2023 to 28 GW, the transition is hindered by low construction rates for prospective projects and continued reliance on fossil fuels. Vietnam, the Philippines, and Thailand are regional leaders, but only 3% of the region's 220 GW prospective capacity is currently under construction. Despite these hurdles, the report suggests the ASEAN collective target of 35% renewable energy capacity by 2025 is attainable given existing capacity and pipelines.

• ASEAN countries have 28 GW of operating utility-scale solar and wind capacity, representing a 20% increase since January 2023 and accounting for 9% of the region's total electrical capacity.
• Vietnam is the regional leader in operating capacity with over 19 GW, followed by Thailand and the Philippines, which each have more than 3 GW.
• The Philippines and Vietnam dominate the region's prospective capacity, collectively contributing over 80% of ASEAN's total. The Philippines has 99 GW and Vietnam has 86 GW of prospective utility-scale solar and wind, ranking 8th and 9th globally respectively.
• There is a significant gap between prospective projects and actual construction; only 3% (6 GW) of the 220 GW of prospective utility-scale solar and wind capacity in ASEAN is currently under construction.
• Prospective offshore wind capacity in the region is 124 GW, which is nearly twice the current global operating offshore capacity of 69 GW.
• The ASEAN target of 35% installed renewable energy capacity by 2025 is considered attainable and unambitious, as the region already has 32% operating renewable capacity. Meeting the goal requires an additional 17 GW of utility-scale solar and wind capacity to become operational by 2025.
• The energy transition is stymied by a continued reliance on fossil fuels, with gas and coal each accounting for approximately 30% of total installed capacity, and coal-fired capacity growing at 7% annually since 2017.

APA

Smith, J., O’Malia, K., Prasad, S., Stylionou, N., & Behrsin, I. (2024). A RACE TO THE TOP: SOUTHEAST ASIA 2024 GLOBAL ENERGY MONITOR REPORT. Global Energy Monitor. https://globalenergymonitor.org/sites/default/files/migration/reports/GEM_Race-To-The-Top_SE-Asia-2024_11.pdf

Chicago

Smith, Janna, Kasandra O’Malia, Shradhey Prasad, Nassos Stylionou, and Ingrid Behrsin. A RACE TO THE TOP: SOUTHEAST ASIA 2024 GLOBAL ENERGY MONITOR REPORT. Global Energy Monitor, 2024. https://globalenergymonitor.org/sites/default/files/migration/reports/GEM_Race-To-The-Top_SE-Asia-2024_11.pdf.

Wikipedia

{{cite report |last1=Smith |first1=Janna |last2=O’Malia |first2=Kasandra |last3=Prasad |first3=Shradhey |last4=Stylionou |first4=Nassos |last5=Behrsin |first5=Ingrid |title=A RACE TO THE TOP: SOUTHEAST ASIA 2024 GLOBAL ENERGY MONITOR REPORT |publisher=Global Energy Monitor |date=January 2024 |url=https://globalenergymonitor.org/sites/default/files/migration/reports/GEM_Race-To-The-Top_SE-Asia-2024_11.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{smith2024race, author = {Smith, Janna and O’Malia, Kasandra and Prasad, Shradhey and Stylionou, Nassos and Behrsin, Ingrid}, title = {{A RACE TO THE TOP: SOUTHEAST ASIA 2024 GLOBAL ENERGY MONITOR REPORT}}, institution = {Global Energy Monitor}, year = {2024}, month = jan, url = {https://globalenergymonitor.org/sites/default/files/migration/reports/GEM_Race-To-The-Top_SE-Asia-2024_11.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }