Within the sector, solar witnessed the biggest jump (100% y-o-y) in investments while waste management deals increased 60% y-o-y, driven by water treatment and recycling projects.
Private green investments in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam - collectively the "Southeast Asia-6" - spiked 43% y-o-y to US$8 billion in 2024, with Malaysia and Singapore contributing over 60% of deals.
Power continues to hold a two-thirds share of green investments in the region with increase in deal sizes, according to the 6th edition of the Southeast Asia's Green Economy report by Bain & Company, GenZero, Google, Standard Chartered and Temasek, released May 6.
