Achieving 100% RE in Asia: Key Takeaways and Live Q&A Session

Written By: Jonathan PHILLIP

Verified By: William DANIEL, George KIONGSON

As part of our ongoing efforts to support companies in navigating Asia’s evolving clean energy landscape, Mt. Stonegate recently hosted a focused Q&A session centered on key takeaways and country-level insights. This special event was designed to build on discussions from the Mt. Stonegate Webinar Series, offering participants a chance to revisit core themes and explore country-specific developments in greater depth.

We would like to extend our appreciation to The Korean Corporate Renewable Energy Foundation (CREF) for their support in making this session possible.

The session was divided into two parts, each covering specific country markets. The first session focused on Indonesia, Singapore, Thailand, and India, while the second session featured insights on Vietnam, Malaysia, the Philippines, and Bangladesh. Discussions in both sessions focused on practical pathways to 100% renewable electricity, informed by expert insights into market readiness and procurement options.

Key Highlights of the series:

The session emphasized the growing complexity of sustainable energy sourcing in Asia. While corporate interest in achieving 100% renewable electricity is accelerating, companies must navigate diverse regulatory environments, varying market maturity, and a wide range of procurement instruments. A flexible, localized approach is essential for developing effective and resilient strategies.

Here are the four main insights that emerged from the discussions:

1. Market-Specific Renewable Energy Procurement OptionsCompanies need to tailor their strategies based on the instruments available in each market. In Indonesia, for example, unbundled Renewable Energy Certificates (RECs) are currently the most accessible and practical solution, particularly in the absence of long-term PPAs and amid evolving regulatory frameworks.

2. Regulatory Barriers and Policy UncertaintyPolicy shifts, and lack of clarity continue to create challenges for long-term planning. Vietnam is a case in point, where the recent removal of net metering and the adoption of Direct Power Purchase Agreements (DPPAs) have added uncertainty for energy buyers.

3. Cost-Effective & Flexible Procurement ApproachesMany companies are taking a phased or hybrid approach. In Malaysia, corporates are beginning their clean energy transition by combining on-site solar installations under the Net Energy Metering (NEM) 3.0 scheme with unbundled RECs—offering flexibility without heavy upfront investment.

4. Corporate Case StudiesIn Thailand, a leading electronics firm has adopted a blend of on-site solar and utility green tariffs to meet its renewable energy targets—showcasing how local constraints can be navigated through combined solutions.

What’s Next?

As RE markets across Asia continue to evolve, it’s clear that companies must remain agile balancing between short-term flexibility and long-term strategy. The discussions highlighted that while no single procurement method fits all, combining RECs, PPAs, and on-site generation can build a resilient and future-proof approach to decarbonization.

We’re excited to announce our next step: an in-person workshop in South Korea, planned for the second week of June. This event will bring together market leaders, policy experts, and corporates to further the dialogue on corporate renewable electricity procurement in Asia. Stay tuned for more details coming soon.