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#AEBF25 | Day 3 - Empowering ASEAN’s Energy Transition: Corporate Pathways to Renewable Energy

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Summary

Core Theme

The ASEAN Energy Business Forum session "Empowering ASEAN's Energy Transition: Corporate Pathways to Renewable Energy" focused on fostering collaboration between governments and corporations to accelerate renewable energy adoption through effective procurement mechanisms across the region.

Mind Map

คลิกเพื่อขยาย

คลิกเพื่อสำรวจ Mind Map แบบอินเตอร์แอคทีฟฉบับเต็ม

Good morning, distinguished guests,

ladies and gentlemen. A very warm

welcome to everyone joining us here at

the ASEAN Energy Business Forum. My name

is Matthew George and I'm the

communications lead at the Asia Clean

Energy Coalition. It's truly an honor to

host this important session titled

Empowering ASEAN's energy transition

corporate pathways to renewable energy.

Today's dialogue brings together policy

makers, corporate leaders, financiers,

and energy experts from across the

region to explore one of the most

dynamic frontiers of ASEAN's clean

energy journey.

How we can enable and scale corporate

renewable energy procurement. Over the

next one and a half hours, we will

unpack the frameworks and mechanisms

that can make this transition practical,

credible, and investable from corporate

power purchase agreements and utility

green tariffs to emerging models that

connect private demand with regional

energy ambitions.

Our shared goal is simple yet

significant to identify how governments

and corporates can work hand in hand to

unlock greater renewable energy

deployment and strengthen ASEAN's competitiveness.

Before we begin, please note that all

materials for the session are available

digitally. You can scan the QR code

displayed on the screen to download

And now to officially open our session,

it is my pleasure to invite Miss Suji

Kang, program director of the Asia Clean

Energy Coalition to welcome to deliver

her welcome remarks. Miss Suji, the

Well, good morning distinguished

delegates, policy makers, and corporate

leaders and partners. Um, I'm Suji Kong,

program director of the Asia Clean

Energy Coalition, where I've been

working together with a very powerful

private sector community uh to advance

corporate decarboniz decarbonization

goal in Asia Pacific. It's my great

pleasure to welcome all of you to this

important session uh where we will be

basically navigating on the ways of

collaborating together to make the best

frameworks for corporate renewable

energy procurement in Southeast Asia.

And I would like to begin by thanking

Azan center of energy, Dr. Andy uh Par

Rosley and also uh for our uh corporate

members here. um to join us and also for

both a partnership and also providing

this important platform where we bring

together private and public sector

leaders uh to shape the future of

renewable energy landscape in Southeast Asia.

Asia.

So this session brings um together

diversified uh profile in our

stakeholder uh group. So we have policy

makers, we have corporate developers,

buyers, uh our uh think tank partners,

knowledge partners. All together we want

to have a very constructive dialogue on

how to strengthen frameworks that make

corporate renewable energy more

affordable, accessible, accountable and

scalable. So ASC is basically

prioritizing a diversified menu of

option cost effective menu of option um

including both existing and emerging

ones like uh UGT utility grain tariffs

and also corporate power purchase

agreements like CPPAS um and these

procurement models are key to unlock uh

new investment and accelerating the

deployment of renewables across Azan. So

we all know that across Southeast Asia

the demand for clean energy from

corporate side is ramping up uh as

businesses are embedding renewables to

their net zero strategies and supply

chain management and these commitments are

are

creating powerful market signals um that

are beneficial for governments by

bringing more foreign investment and uh

creating green jobs, enhancing energy

security and supporting economic IC

competitiveness and for corporates they

provide more reliable credible pathways

to meet their decarbonization

commitment. So together these outcomes

strengthen Azan's position as a leading

region for green manufacturing, digital infrastructure

infrastructure

and sustainable trade. Policy clarity

and regional alignment are essential to

making this vision to a reality. So our

discussion today is basically focusing

four areas. Uh one the first one is to

enhance understanding among state among

policy makers and stakeholders of the

various mechanisms available for

corporates uh and how this can be

adapted to national context. And

secondly to showcase uh successful case

studies and best practices from across

AEAN countries. And third to facilitate

a structured dialogue uh between policy

makers and corporate leaders on what is

needed to make procurement mechanisms

bankable, transparent and scalable.

Finally and the most importantly uh to

strengthen collaboration between

regional policy makers, industry

stakeholders and knowledge partners to

accelerate renewable energy deployment

in ways that serve both national

priorities and corporate decarbonization

goals. Ultimately, the success of AEAN's

energy transition will depend on

collaboration. It's not just about

technologies. It's not just about

regulations but about trust and

partnership between private and public

sectors leaders. Together uh we can

design solutions that align national

priorities with corporate action and

ensure that our um shared progress

benefit both people and the planet. So

uh thank you again all for your

dedication and support to this important

conversation and I hope to have the most

constructive dialogue today all

>> Thank you S for the welcome address.

Your remarks perfectly set the tone for

today's discussion, reminding us that

collaboration between policy makers,

corporates, and financiers aren't just

desirable, but absolutely essential if

ASEAN is is to truly realize if ASEAN is

to realize a truly inclusive and

accelerated energy transition. To

continue, we're pleased to hear from the

ASEAN Center for Energy, our

co-organizer for today's session and a

key partner in advancing regional

collaboration on clean energy.

Delivering the next opening remarks,

please join me in welcoming Dr. Andy

Terta, chairman of the ASEAN Energy

Business Forum and head of corporate

Thank you so much and also all our

participants. Uh good morning uh ladies

and gent gentlemen, excellencies. Uh

it's a I'm standing here uh actually

because my boss right now on the other

part of the a he is very busy but we

really know we really acknowledge the

event here in this session is very

important. So on behalf of Assean Center

for Energy, it's uh my great pleasure to

welcome to all of you to this important

sessions empowering asan transitions

corporate pathways to renewable energy.

Let me first to thank also to our

partners as a clean energy coalition or

ACC. Uh we have been working like last

three years uh three or four years uh

with ACE. So uh and also for co-hosting

this uh sessions and of course uh to all

the distinguished uh and followable uh

speakers for today that you are also uh

uh sparing your time for this event. As

you know that right now in Asas the

economics continue to grow and our

energy demand is expected to nearly

almost three times doubled if we in 2050

if we compare in 2022.

The challenge before us is very clear.

We must ensure that this growth is

affordable energy as a part of our

energy security. Um

you we invite you also this afternoon we

will launch our the next phase of the

ASEAN plan of actions for energy cooperations

cooperations

uh 2026 2035 and from that document you

will understand that we also sets the

regional visions to advance energy

security accessibility affordability and

sustainability across the ASEAN member states

states

we are trying to achieving these visions

requires of course whole of society approach

approach

governments must create of course the

enabler uh I mean enabling frameworks

industry must adopt the innovative

things technologies business models and

of course uh the financeers must

mobilize your capital uh that makes our

ambitions become reality so it's like a

collaborative works it cannot be just a

part of the government or maybe just uh

the uh the companies itself so we are in

the Asia center for energy we also

believe that this kind of platform form.

This is the the best way from us to make

a kind of like a melting pot where all

the uh the governments can sit together

with the private sectors with the

international organizations develop uh

dialogue partners everybody and let's

talk about this uh beautiful regions

uh across Assean we also witnessing a

surge of a corporate demand of the uh

clean energy from manufacturers I think

uh the demand of the uh for example like

a data centers now they are requiring

all the green things because their

headquarters uh in the let's say US or

in Europe they said you must make this

uh clean source as the uh your energy so

to make again this region is more

competitive the clean energy is also

become the more economic for these regions

regions

uh a frameworks of course like corporate

power purchase agreements or utility

green tariffs and others become one of

very uh important uh mechanism that can

help turn these ambitions into bankable

and scalable projects.

Again, as an ASEAN intergovernmental

organizations, we are in ACE. We are

committed to support our Assean member

states and of course the companies

because we believe that the companies, I

mean the private sectors that can

mobilize this movement.

I always believe that the industry is

become the first initiation of the

innovations uh and generate the

technology and also not only that also

can mobilize the uh funding to make some

things happen and it more reliable.

Uh the Assean power grid is very famous

here uh because we also know by this

PIAN power grid we can connect each

country by other countries and we can

also in uh improve the deployment of the

renewable energy. So we really uh

appreciates the initiative and also all

the works from the ACC our uh uh

partners and we'll also look forward uh

hopefully with the ACC is also can uh

create more uh I mean a better ecosystem

for the especially the corporate for the

private to have the support also from

the government to know what's the best

uh arrangement for both I mean for all

the parties I think I close my uh

remarks there again thank you so much

Suji for the support also I mean for the

participation in the ABF. Uh hopefully

we can make another create I mean create

more good things ahead. Thank you so much.

At this moment, the Asia Clean Imaging

Coalition would like to present a token

of appreciation

to the ASEAN Center of Energy in

recognition of our continued

collaboration and joint efforts in

advancing corporate renewable energy

pathways across the region. May I kindly

invite once again Miss Suji Kang and Dr. Andy

Andy

at uh to come forward to the stage for a

Now to set the scene for our discussion today,

today,

we'll now hear from the ASEAN Center for

Energy on the region's renewable energy

outlook and the evolving frameworks

enabling corporate procurement. Please

join me in welcoming Miss Monica Murdika

Wati, senior analyst for sustainable and

renewable energy at ACE to share key

insights from the ASEAN plan of action

for energy cooperation APEC 2026 to 2030

and ASEAN's pathways toward corporate

renewable energy participation. Miss

Hello. Good morning.

It is my pleasure to provide hope. It is

helpful to uh giving the foundation for

the exciting uh conversation that you

will have today with the panelists. So

uh my name is Monica. I will kind of

give you the teaser of of what would be

uh in the renewable energy long-term

road map that will be launched uh this

afternoon I believe. So to start with uh

as we know like maybe this is something

that we have been uh announcing uh

throughout the event that uh we are uh

launching the new regional energy

blueprint what's so called the assean

plan of action for energy cooperation

for the next five years

and uh here the APA is actually guided

by this modeling exercise that we do uh

in which it uh give the

it give the uh the the what the the the

the reverence on how actually the region

could uh transition in a more ambitious

but at the same time it's actually

plausible. So that's what's the modeling

uh exercise that we do in the road map

try to convey uh uh it helps uh the APAC

to kind of consider with the ministers

and also the senior official for the

regional RA target by the 2030

uh which is the 30% uh of uh TPS

and also equivalent with the actually

equivalent is a bit higher if you look

deeper in the right road map but this is

uh the number that a grid by the

minister later for the uh the what the

re target uh of uh uh in terms of its

thought capacity which is 45% by 2030.

So uh here as you can see in the graph

by the next 10 year energy transition

will be driven by the renewables in the

power sector for sure. Uh due to the m

mature and cost competitive technology

with the solar wind so on and so forth

to this graph is like the in the TPS uh

you will see in the road map that is

actually very much driven by the power

sector. However, uh post 2035 power

sector is not enough like uh later you

will also see that the what the the the projection

projection

uh after the 2035 the the what the

needed installed capacity will plate

that's where that's when uh the what the

deeper integration with the transport

and sector coupling with the industry

become very much uh important.

Uh yeah this is the third point that I

would like to convey. Uh and then so

okay a lot of numbers but what I would

like to highlight is actually by 2030

according to our modeling exercise which

guides this API document you will see in

the uh yellow circle uh and also please

focus on the pink and the uh green color.

color.

Yeah, you will see that actually re uh

including the vre will reach uh 50%. So,

and if to consider also the needed

storage to back up this uh increase of

re and vre it is actually goes beyond

the 50%. Uh and how exactly the in terms

of nominal of installed capacity as uh

you can see in the up bar figure. And then

then

so uh the regional strategic direction

is clear that we need to ramp up the the

built out of the uh clean electric uh

clean electricity supply that coming

from solar, wind, hydro like you see in

the blue color here. And also of course

to back it up is the battery and

biomass. And also what's interesting is

the needed solar rooftop. Um

why so it actually uh or maybe another

uh clarification that our modeling

exercise although like you will uh also

later uh hear what kind of definition

between scenario and so forth but this

actually reflects the recent uh PDP

announcement of uh like the most updated

PDP that uh the Asan member states has

uh and major driven like for example the

recent uh PDP uh launch of the Vietnam

and also Indonesia this year.

So it actually captures also the

ambition that actually already echoed by

the member states that as a country as a

region we need to uh uh increase the

clean electricity to capture the

corporate uh demand towards this green

uh energy. So this is the the signal

that uh comes from this uh figure also

and with that consequence or the implication

implication

it's basically reordering the

fundamental definition of the grid

system planning because now and

especially by 2030

it will become the majority even uh

surpassing the fossil fuel. So it's not

about uh fossil fuel uh uh not not about

re supporting the operation with the

fossil fuel as the base of the operation

but it's the other way around. We need

to start thinking about this on the grid

improvement so on and so forth. So this

is to highlight like by this apayak the

next five five years become the largest

capacity mix around 30%.

And if to combine with the storage is

53% and the needed annual average

investment from our modeling exercise is

77 uh billion uh across this uh

different uh technology including the

fossil fuel

and by in the long term by 2045

the vre base load re and storage will

reach uh 70%.

and how is uh actually relates for the

core of our discussion on the re

procurement. So if to de uh I mean this

is we are trying to divine it on uh on

the supply side which is the need of

access to the infrastructure development

because we need to develop such a big uh

capacity built out of re new capacity

and also on the demand side is actually

to allow the corporate to be able to

access in procuring this uh green electricity.

electricity.

So from uh from our hypothesis

uh the the transformation needs to

happen from uh what so-called the status

quo of this uh power electricity model

which is very much centered on the

government and state own uh planning and

also funding right uh but maybe with

this uh rapid needs of the capacity

built out yeah maybe it's time to open

up a bit to kind of allow the financing

sources coming from private so on and so

forth and on the demand side that's come

the I believe the the the what the

discussion of the re procurement to

ensure this build out of the uh clean

electricity actually accessible for the

corporate in the most easiest way. So

like it actually uh give uh the robust

uh environment for the investment. Of

course that's the core objective of why

uh we built this green electricity to

begin with. uh and it's actually already

ongoing like the member states is

actually already so there are several

champions that already implementing this

uh kind of schemes from the virtual PPA

direct PPA on-site BPA UGTC and also

crossborder re procurement hopefully

with the several pilots of course and

yeah this is from the national and

regional and Yeah. So this is just to

show you the mapping on what uh existing.

existing.

So it's already emerging practice and I

believe the panelist that is are invited

is actually the correct person to share

how it is in the uh national level

like uh the key drivers for the CPPA and

also the challenges. So I'm just uh

stating here but yeah I believe the

discussion we'll cover it later right

like uh maybe to highlight on the

challenge actually uh the readiness of

the regulation and also the related

stakeholder in implementing the third

party access and also financing and

bankability of the re project and

diverse uh market states and uh rules to

make like in the context of the cross

border. Yeah, it needs uh a uh like

different layer of the harmonization

and this is what's existing in the

Vietnam, Malaysia and Thailand. uh

Vietnam with the DPPA Malaysia. I

believe the panel know more than me

about the different schemes the name get

cgpp crest and also Thailand with the UGT

UGT

and this is I don't want to go into

detail because the panelist will be more

much more knowledgeable than me but in

Thailand this is the UGT scheme works uh

with the so it has two types for uh

define for uh uh for different tariff of

the re resources and also the Key

components of the UGT service is the re

uh source allocation UGT platform

arrangement unit that administers the

rec allocation and the bundled.

So in the Malaysia context but I don't

want to talk much because I believe the

expert letter will be much more reliable

to clarify on this uh issue. So you can

find the resource in the um publication

by the energy commission of Malaysia on

the crest and also the NEA.

And basically this is uh the flow the

flow of the uh interaction from the re

developer with the single buyer the grid

system operator the TNB retail TNB grid

and also the green consumer.

And with that I I hope this this is a

helpful presentation and I wish uh a a

fruitful uh discussion and I look

forward to learn also from the panel

Thank you very much, Miss Monica, for

that insightful presentation of

grounding our discussion with the event.

To complement AC's perspective, we'll

now hear from the Asia Clean Energy

Coalition on the corporate viewpoint,

exploring how companies across Asia are

approaching renewable energy procurement

and what policy frameworks can help

accelerate their participation.

Please join me in welcoming Miss Emma

Sarov, head of policy for Asia at the

Asia Clean Energy Coalition to share

ASAC's perspective on corporate

procurement of renewable energy in Asia. Emma,

>> thank you, Matthew. And thank you, everyone.

everyone.

Thank you. You can tell I've been

speaking too much over the past handful

of weeks because my voice has been

almost completely gone for about a week

now. But I was thinking that since it is

the month of October, I hope you can all

imagine that I'm doing some kind of

horror movie character to be on theme or

something like that. So, please do bear

with me. Uh but with that out of the way

uh thank you so much for attending this

session. It's really our privilege to be

here. Thank you to Dr. Andy and to

Monica for that wonderful scene setting

presentation. This is a remarkable city

and a remarkable room. It's a pleasure

really to be among so many professionals

that are motivated by the clean energy

transition. Not just its challenges but

also the opportunities that it affords

uh to improve our economies, our

environment and the well-being of

generations present and future. So my

name is Emma Sarafh. I'm here with the

Asia Clean Energy Coalition and it's

really my privilege again to introduce

ASAC and to introduce as well some of

our work in the region with a focus on

our recommendations and perspectives on

procurement and how to scale procurement

in Asia.

So first for those of you who are

encountering us for the first time I'd

like to say a few brief words about ASC.

ASC was launched in 2022 by three

organizations uh climate group the world

resource institute and the global wind

energy council in collaboration with a

group of worldleading renewable energy

buyers and developers. Uh the goal here

as Dr. Andy identified was really to

respond to the opportunity the need the

demand uh for renewable energy in Asia

and to enable transformative policy for

As they say, a picture is worth a

thousand words. So here you have 10,000

words uh worth of photographs. I won't

belver the point excessively. Uh but

just to say that in the years since its

inception, ASC has worked

collaboratively together with a range of

stakeholders uh both public and private

to really bring forth our

recommendations and again to enable

transformative policy. So you can see

here a handful of of shots from those

engagements where we've really sought to

bring together industry and government

perspectives to build credible,

accessible, cost-effective options for

procurement in Asia.

First, I want to say that throughout the

course of this work, we have identified

three broad categories of challenges

which I'm sure are no mystery to the

group of you here. Uh the first and this

is the one that I'll be focusing on here

today is the limited options for

procurement. ASAC does focus on a

diversified menu of procurement options

as our program director indicated

previously. Uh we have also noticed that

in the region there are a handful of

other challenges. So notably the lack of

supply of renewable energy on the grid.

Of course if there is nothing available

then it's difficult to procure and then

naturally of course the gaps in grid

infrastructure is something that we've

identified in various priority markets

as well. So why do we focus on

procurement as ASAC? Why is procurement

such an important topic? It is in fact

related uh to this uh set of challenges.

What we've identified and I'm sure what

many of you have seen and I think what

Monica very correctly identified as well

is that procurement allows for consumers

to flexibly and adaptively meet their

own energy needs. And then this sends a

signal to developers. It gives them a

clear signal to build their own

capacity. And ultimately regional grids

really benefit from the jobs, the

investment and importantly the avoided

emissions from this new capacity. So we

can really see how procurement is one of

the most powerful tools at our disposal

to really decarbonize regional grids

which is ultimately why we are all here.

So that's why we are focused on this to

provide a win not just uh for one group

of consumers but really for all

consumers of energy which is really all

of us and to decarbonize our communities.

communities.

So building on that first challenge that

was identified in the previous slide the

limited options for procurement. As uh

many of you know today in Asia many

markets do not have readily accessible

multiple modes of procurement. As I said

previously, ASAC does support a

diversified menu of procurement options.

So we don't focus on any one particular

procurement option. This is because

different consumers have different

needs. Uh but I do want to bring to your

attention some recommendations that we

have developed together with the clean

energy buyers association specifically

on CPPA corporate power purchase

agreements and UGT utility green

tariffs. Uh but also to note that we do

also explore the importance of bundled

Rex. This is particularly relevant for

crossber electricity trade which is

something that my colleague Henry uh

leads as part of the work in ASAC.

Okay. So here you have a QR code on the

far left hand side to our most recent

paper uh which is again on

recommendations for CPPA developed

together with SIBA which is a a US-based

organization with strong technical

expertise rooted in the American

context. So we worked together with them

to bring both the US and the Asia based

perspectives on CPPA. Also to note that

we produced together again with SIBA

last year a paper on UGT and indeed we

have a number of knowledge products uh

within ASEC and I I want to again uh

indicate the QR code which will take you

to a page that also has links uh to all

of these other papers. Previously this

year we did also develop a regional

paper which seeks to highlight the

socioeconomic benefits of the

decarbonization and of clean energy

transition in Asia. So would really

recommend that you take a look at this

particular paper as well.

Okay, so now let's get into the

recommendations from the two papers that

I have previously mentioned. First,

beginning with our paper on utility

green tariffs or UGTs, which is one

option in a menu of procurement options.

So, as many of you already know, a UGT

is a voluntary utility program that

allows eligible customers to buy both

the associated energy attribute

certificate and the energy for a

specified clean energy project. uh

either as an independent tariff or as an

adjustment on the customer's energy

bill. So what you can see is that we

have developed together again with CA a

set of guiding principles that can serve

to inform uh best design practices for

UGT. So I'll go through each of these in

turn. First, this is something that

utilities uh can consider. So for your

reference, uh utilities could offer

green tariffs that fund new verified

clean energy built for participating

customers. So this would allow us to

drive new clean energy projects. Second,

specified and traceable resources. Uh

utilities could consider enabling

customers to choose projects with clear

details on a range of criteria including

but not limited to type, size, location,

and operational date. And then third, we

have transparent and fair pricing.

Utilities could consider providing

stable, competitive, clear, transparent

rates uh that do reflect the true

project costs that are therefore cost

reflective. And then last but not least,

we have our fourth recommendation here,

our fourth guiding principle for UGT,

and that is consumer choice and impact.

Utilities could consider offering

flexible high impact options such as

mixed technology options that are

inclusive, for instance, of storage. All

of this in collaboration with customers

allows utilities to build meaningful

relationships with customers. So this is

one reason uh that we really uh seek to

elevate the importance of UGT for many

different markets across Asia. So again

uh really welcome your thoughts on our

paper on UGT which again is available in

the previous slide and we do highlight

examples from American markets but also

uh some markets based in Asia including

for instance Japan. uh there's a UGT

based out of TCO in Tokyo that we

Okay. Now moving quickly on to CPPA. I'd

like to spend the rest of the time

talking about CPPA and the

recommendations from our most recent

paper. Uh so here you have uh first a

definition of PPAs uh which I'm sure

many of you are already familiar with.

Uh PPAs enable corporate clean energy

buyers to enter into long-term contracts

with developers or generators for a

price per megawatt of electricity

generated from a clean energy project.

Again, we have a set of guiding star

sort of northstar principles that can

help inform the design of a CPPA

framework for your reference and for

your consideration. And I'll go through

each of these in turn.

So our first guiding principle is

scalability and accessibility. And here

we have two main components. The first

is that PPA framework should avoid

arbitrary quotas or caps on transaction

volumes. And the second is in reference

to customer eligibility. So PPA

framework should offer flexible load

size across a range of sectors uh which

enables customers of all types of all

sizes from all sectors uh to transact

via a PPA. Our second guiding principle

is clarity and flexibility to transact.

And here there are two items uh that I'd

like to highlight. So first is that PPA

programs should include clear frameworks

for EAC's accounting treatment. This is

particularly important for VPPAS and

effective settlement mechanisms to

support uptake and financial viability.

And I'll expand on that last point now.

So, for example, a surplus power

sellback provision is particularly

useful in the context of physical PPAs

and in the context of virtual PPAs, a

two-way settlement framework um a CFD

between buyers and sellers is something

that we would like to recommend uh be

established to support the financial

And then last but very much not least,

we have a third guiding principle here

and this is transparent and competitive

market rules and pricing. So here what

we recommend in the paper together with

SIBA is that PPA should be supported by

robust electricity market constructs

that ensure cost-effectiveness through a

variety of means including thirdparty

access to the grid which is something

that that Monica also kindly identified

in her presentation competitive and

transparent clear pricing and fair

detailed and predictable um charges. So

for example something that that we talk

about in Asia is wheeling and balancing

fees and how we can ensure that these

are stable non-discriminatory and again

cost reflective that is that they

accurately reflect uh the cost of

delivering clean electricity to the

buyer. So again these are just a set of

recommendations for your consideration

for your reference and they are all

reflected in our paper. uh you can see

as well that we have a number of case

studies based on the Asian context in

the paper itself of course Asia Japan

without so welcome your thoughts your

feedback on this paper and would be

great conversation

with that I will have a final slide here

uh just with a set of takeaways I hope

you feel persuaded in the nature of the

work which is that the board policy for

procurement delivers real avoided

emissions real decarbonization and that

fundamentally is why we are all here. In

particular, CPBAS and UDPs allow utility

policy makers build relationships with

customers and indeed allow an

opportunity for the private companies to

invest in communities in Asia. Something

also uh that the ASEAN Center for Energy

highlighted in previous presentations

and something that all consumers

ultimately benefit from. All consumers

benefit from cleaner from more

affordable energy and most importantly

again the reason why we're all here

today is that communities ultimately

benefit. All communities are consumers

of energy and communities do benefit

through the jobs that these projects

brings, through the investments uh that

these projects bring and most

importantly from the reduced emissions

that they bring. Thanks very much for

your attention. I hope this was useful

and very much looking forward to the

Thank you Emma for those valuable

insights and for highlighting our

corporate action and what is to step on

renewable energy across Asia. We will

now turn our focus to Malaysia which has

shown strong leadership in advancing

renewable energy programs and enabling

new corporate procurement pathways. It

is my pleasure to invite young Bahaga

Tuan Aar Rosli bin Eman director of

industry planning and development at the

energy commission of Malaysia Surahan

Jayatanaga to share Malaysia's

leadership and experience in renewable

and thank you and again uh thank you to

all you to be here today to listening

what uh regulator once said talking

about the energy green hopefully from

the my presentation today you can get

some idea something what uh Matthew what

they said Matthew said uh we call

Malaysia as a leader for the renewable

energy but we try to share with you what

our project that we having done.

Hopefully can can uh uh share which

among Ashakati or the projects. Firstly

before we set the escalator we got

important important thing portability is

to ensure that we normally when before

we said uh that one is a project can be

uh you call it in country must we go to

energy train and this quite important to

to to regulator because what uh project

we need to I call implement our country

because uh from energy we can balance

from the parties said B three trade

talking about the sustainability

security and talking about affordability

that's quite important to regulator to

set all idea from the industry talking

about the renewable towardable energy

okay this uh some things uh last uh

before this we got I think uh last weeks

last weeks our prime minister they've

associate some made some announcement to

support our industry on a

uh industry in our country. Uh this

talking about the we have target in our

government have target 70% re in

Malaysia for year by year 2050. This is

our target quite clear. So we need to

put a program to ensure that target 70%

mix in our energy mix uh by year 2050 uh

can be achievable. So that's why this

one under the uh we have set target year

net zero uh

2050 we have 30% in uh 2035 40% 205 and

70% 2050 currently uh based on uh 20 31

31% our target net zero by 205 already

achieved but we go forward to looking

for the 20 35 40% re uh in our country

target 40%. But we believe we can we can

we can achieve that one with with proper

planning or proper something working

close working together with the

government and the private sector. We

hope we we we believe that one can

achieve a 40% and we can get a 70% by

year 2050. Okay. That's important

important here this one uh coordination

between private sector and the

government quite important because uh

mostly the government more on focus on

the policy and align we have all those

thing after that the corporate or

industry need to support with the

investment so without the cooperation

between corporate corporate and

government I think our target for% year

in year 2050 and the global target for

the zero net zero carbon cannot it's

very difficult to to to to to to achieve

that we call the target. So that's why

we need cooperation between the

government and the corporate sector.

Okay, this talking we so see the

government so talking fund national

energy fund 150 million but the fund is

quite small actually but the one may be

starting from the government they they

need to support the call maybe for

support industry they can look this fund

they can use this fund for support their

re uh program and uh we talking about

the for the50

we accepting this so net investment 1.3

trillion again by the government and

respond and talking about 300,000

jobs we will uh create uh on by year

2050. This our Malaysia target to

achieve that level. So that's why we've

put the initiative more on the re

program in our country. Okay.

Okay. And uh we continue to this

something I think we know about the this

you can see from the net from our NE

project. We have that project data

program national energy uh transition

road map. They're talking about the what

is our program for the uh uh our re

Malaysia has launched a national energy

treasure map uh last two years I think

also known as a known net thereable

strategies and target to achieve we call

the decoration oil maintaining energy

security economic growth listing just

mentioned before that talking about our

target 30% by 35 40% by 305 and and we

should target something talking about

the uh solar in 2050 we target 58% by

2050 you can see the 28% by by by solar

in our country this quite quite big

compared to the 2002 2022 currently we

have only uh 10% still far to to get to

going to that level 50% this quite I can

imagine how what what happened to our

country if you we put solar 50% or 56 gig

gig

56 gawatt solar in our

India 2050 this a target based on the

national agitization road map okay

still far to to go there because

currently 2025 uh we have another 25

years to reach that level of the 50%

of 56 gawatt solar in our energy mix

this is very challenging to to

government and we we so that's why we

need to policy maker as energy

commission we need to think and think

How to make this uh NATO program NAT

road map

to be uh to be happen? Yeah, it's

because something uh big uh uh m target

by the NE but this is something good for

the country because we have planning we

have the road map thing. So just follow

the road map what set by the government

this policy we need as we need to

support the policy set by government. Okay.

Okay. This is a program that uh uh we

call uh Malaysia has uh put in you know

to support this uh renewable energy

energy in our country. We have uh some

things uh sorry cannot see fit and

tariff first in year 2001 2000 we

already start the project. Okay. In

Malaysia effort to incorporate renewable

energy began in early 2000s and help

steadily progress over the years

initiative and programs were laid out to

allow better access to green electricity

for consumers. We already said all the

programs start on the 22 year year 20

year 2000 and uh to accelerate the take

up name scheme has been revised from

name one name two in 2019 and NM 20 and

N3 and 2021 net metering. So you can see

the one we have tip 1,154 megawatt one

and last case we have already pro offer

to the industry to support this project

solar 6,2

6,229 megawatt and uh this uh solar pro

solar LS1 until now now this until LS5

plus and coming maybe next year this

will still under discussion and planning

we will launch another LS6 for 2 gig

maybe this one we hybrid with the

battery this is something just know this

is discussion with asative discuss host

thing then we planning to launch this

new last case called uh

project hosting in in in early next year

so but don't miss B so that's why By so

play the roles important role to support

this uh re uh call program in our

country hopefully from because you

target every year something 2,000

megawatt or 2 gig every year installed

to solar. So that's why this are the

program that we are we are planning to

and we have NM

already 10 megawatt offered to the to

the to the we call the consumers and uh

circle we have a 911 megawatt and now we

circle at every time consumption set

consumption that you can put installed

at the area. Currently we have 911

megawatt on the time but now we can we

will extend our circle project more than

that I think so we are so program amend

our guideline we need to put more circle

on the at the rooftop

uh try uh uh we also talking about the

put the battery so that's why we can now

code they can they can install selco at

the rooftop with battery so to support

because last time only some some area

but now you can no limitation anymore

you can install more than what you But

must include the battery to firm the

supply to the to the to the grid and N2

as mentioned just now we have a N2 for 3

megawatt and N3 17 to3 megawatt this

every year we check we MN and MN MN to

to to support the need from the from the

public and and new program we launched

by government uh

we call ATP atapab

the new something similar to name back

per rooftop. The last time the name may

be just name you you use post your

energy and you sell whatever balance you

have to the to the grid based on one to

one tariff but now I think in we still

discuss uh use energy first and after

that the balance you can sell to the

market. This is what the our planning

for the atab something strategy our

study need to look to but still

discussion but I think so we can

finalize uh around something this

December we can finalize the guideline

and that we can offer to all the public

all the commercial can use the name

project and based on uh that requirement

quite quite uh mostly the consumer need

more they want they want install more uh

solar at their rooftop but no no more

limitation last time limit add only at

the rooftop but this top maybe can

something which needs to install at the

area of the boundary of the housing

area. So that they can allow to do more

than that and uh this another project we

need to to we consider to uh introduce

for next end of this year and next year

by the LS6

and uh this uh so project that we are uh

based on the Malaysia to expand based we

have the solar CGBP and the project that

we introduced to to the to the to the we

call industry we are talking. So, CGP uh

corporate uh corporate

put the name

CGP corporate green power program and

cross border CBS CBS. So, we introduced

to sell our energy to Singapore uh by by

the name the name CBS selling we call

green to Singapore by Energy. uh

currently we had the gem management one

this part uh used that we call the gat

line that we uh uh publish uh cb and so

we call class this I think industry

quite interesting on the class because

uh after this Mr. you asked me to to

stay there to stay to discuss closed door

door

>> crest is something something similar

with the tail talking about crest that's

uh Thailand CPP

uh you are the industry can uh sign

agreement between developer and they can

sell they can buy energy from developer

I think similar with the tail concept

just now talking uh present by the one

of the speaker just now uh but they just

uh pay the willing charge only willing I think

think

This is quite quite respond from the

positive from the data center going good

so far the respond. So we hope we can we

can get some uh for

deal but we just starting right we we

don't know because last time I think we

complain from the min last time we just s

press on will charges 30% but now

government hear the what comment from

the industry they need cheaper wheel

charges so that's why government see

discuss again and look back those thing

based on the because of the the the

charges crash when it charges we how how

to calculate bas based on the uh RP call

RP for based tariff because we are RP 1

2 3 and four this thing we all the

mechanism inside the RP thing so we uh

because just recently government

introduced new tariff for electricity

and we also reduce the call the willing

charges for the crash 20 cent with the

battery with the batteries deposit

protection hopefully this uh number call

charges that we introduced government

that we introduce maybe can uh you call

industry can support our system to

implement the to to to onward the uh

technology. Okay. The the team uh circle

the one is this guideline just mentioned

to you. We also uh put a M and our new

guideline Selco last time Selco only for

the rooftop but now Sco they can install

uh more than that the the B boundary of

the industry they can store that with

the battery just to mention to you and

the cream they because uh demand from

the because more focus than the high

voltage and med voltage they call the

low voltage consumer the the ask

government why not you introduce another

system to the low voltage customer

consumer. So that's why we are uh

thinking about that we are develop the

cream that mean the cream just uh but

the radius only five kilometer they can

put solar in their rooftop and they can

sell to the then they must have one

aggregator and sell in the energy to the

uh something the park or something the

you call uh business center nearby

between 5 kilometer at this moment but

maybe after this we if he see we And uh

something bring about we call we need to

amen those thing maybe can go to more

than 5 km it depend on the what study

before later but currently for starting

we just only allow for 5 km radius for

the clip activity to allow for the low

Okay. This is a total uh in our country

already installed. Now we have not only

the solar we talking about the hydro

hydro talking about the biomass mini

hydro and WTE currently our capacity

install 9,000 megawatt near to 10 10

gigs and uh hydro play we call uh

operational operational just install uh

6,000 already but already operational

2,000 megawatt I don't know the solar

solar sol 6,000 just to But now the

operation 5,600 megawatt but the the

rest are something solar LS5 and 5 plus

is still in construction. Hopefully uh

the target is 20

to 207 you can achieve that the targets

hit more than 6,000. Okay. And biomass

we have 575 megawatt and recently

government so announced another 400

megawatt biomass. recently by by prime

minister they're talking about we need

to extra more uh uh put the 400 megawatt

for support this activities in our

country okay and uh mini hydro and we so

bio gas and so talking about hydro but

in hydro

hydro quite small because we don't have

much hydro so mostly hydro mostly from

the saw so that's why the hydro quite

little bit slow but we don't have wind

this our challenge we don't know what

winds if new technology coming in

in future maybe we can use wind as one

of the resource for the uh toward

uh target 270%

net zero. Okay.

Okay. this uh another part when it's

important things mentioned by the was

speaker talking about the APG as this

quite important too as we we support APG

to to to make our we call uh 70% happen

in our country so that we get we try to

get energy from the maybe currently we

discuss from the Vietnam Vietnam

Singapore Malaysia Singapore there 2,000

megawatt maybe can get what we call

energy from the Vietnam win energy from

Vietnam and supply to the to the to the

we have only LTS LTMSPIP

last minister Singapore already already

there and uh just yesterday talking

about the LTMS2 signing new new new new

new agreement new something willing to

sell we call energy from Los to

Singapore and so to to to regional

country and hopefully this APG uh second

is Vietnam

Malaysia, Singapore and uh recently the our

our

prime minister announced that uh

patronistas and uh uh tri national we we

work together to discuss with the Mangan

country especially in Vietnam and

Singapore to make this uh we call the

VMS project happen that mean they can

deliver and blow the energy from the

Vietnam go to the Singapore and go to

Malaysia because we target 2,000

megawatt and uh 700 go to peninsula and

one the more than that rest 10,000

talking about selling to Singapore this

our BMS project right and uh we also

have and the jam just mentioned to you

and the gem currently 50 megawatt every

day by pop Singapore green because uh

this what we agree with Singapore and

already happened and hopefully too if

Singapore they need more than you can

sell back you can sell more to Singapore

on the green okay green electricity

And uh last uh what the government uh

escalator we to to support this uh uh re

program uh toward the net zero by year

2050 or 7 they talking we government

just recently uh this last year they're

talking about the the pro parliament pro

the energy efficiency uh commission act

this quite important to because not only

for it is also play the play a main role

to support the our target on the re

net zero year by year 2050. Okay, we

have they're talking about the large

energy consumer buildings all covered by

the do we call the ECA that mean the old

building need to they at least they have

the you call the energy efficiency uh

mechanism or or mechanism or something

equipment to install at the building uh

if they they don't install they need to

the government will penalize or penalty

to that company because the they don't

we need all the building support the

program on the energy efficient

buildings certain Right. In near future

maybe they call uh uh where buildings

need to set up or need to design they

must follow the EEC uh call guideline

all this thing. Okay. this uh uh

currently uh what uh since uh 2035 uh we

have launched the an Egypt we have we

are we have saved uh 2016 until 34 we

currently having since based on the MCC

we can uh receive something uh ringit

Malaysia 13 billion can just uh I think

10 years no 8 years uh that's quite

important to to the to Malaysia we We

can save near to 14 billion uh intera and uh gawatt we save on the net 60 g

and uh gawatt we save on the net 60 g gawatt hour. Yeah this I think is a good

gawatt hour. Yeah this I think is a good uh achievement from the and program but

uh achievement from the and program but that one before that is before the law

that one before that is before the law not coming yet but hopefully because a

not coming yet but hopefully because a law coming this year hopefully we can

law coming this year hopefully we can get uh more that more all industry

get uh more that more all industry building need to support to install the

building need to support to install the e call in the building. Maybe we can get

e call in the building. Maybe we can get more than that. Maybe we can say we can

more than that. Maybe we can say we can get

get 30 billion or what or something the 3

30 billion or what or something the 3 billion 4 billion every year. These are

billion 4 billion every year. These are the target by the government. Okay.

the target by the government. Okay. Okay. Okay, this uh

Okay. Okay, this uh okay this conclusion

okay this conclusion okay we have uh our program just now E

okay we have uh our program just now E and the conclusion all the commission in

and the conclusion all the commission in Malaysia journey toward sustainable

Malaysia journey toward sustainable sustain sustainable net zero carbon can

sustain sustainable net zero carbon can be achieved if government corporate

be achieved if government corporate stakeholder and the general partner

stakeholder and the general partner continue to collaborate and in innovate

continue to collaborate and in innovate the national map set a clear direction

the national map set a clear direction with robust target and polable energy

with robust target and polable energy grid modernization and crossber

grid modernization and crossber commission through initiatives such as

commission through initiatives such as uh asan power grid and LTMS and mukbing

uh asan power grid and LTMS and mukbing and uh uh corporate uh corporate role

and uh uh corporate uh corporate role will essential in driving uh play roles

will essential in driving uh play roles very very important role to support our

very very important role to support our target 70% and the lastly the we have c

target 70% and the lastly the we have c already what we call introduced by

already what we call introduced by government and we we will uh hopefully

government and we we will uh hopefully the c program resess and we will again

the c program resess and we will again because of de demand and because of the

because of de demand and because of the call just need to to more know more

call just need to to more know more about the press we will gain amen and

about the press we will gain amen and amen and be possible because just look

amen and be possible because just look back all those thing okay with that I

back all those thing okay with that I say thank you this our my presentation

say thank you this our my presentation as as as regulator and uh uh we will uh

as as as regulator and uh uh we will uh gain think again and we need to see

gain think again and we need to see again uh because uh target 50% solar. So

again uh because uh target 50% solar. So we don't we need to think again what the

we don't we need to think again what the new project we need to introduce to in

new project we need to introduce to in our country and to support the target

our country and to support the target net zero by year 2050. And again thank

net zero by year 2050. And again thank you

Thank you very much Rosley for that insightful presentation on Malaysia's

insightful presentation on Malaysia's leadership in renewable energy. And now

leadership in renewable energy. And now we move to the highlight of today's

we move to the highlight of today's session, our panel discussion on

session, our panel discussion on empowering ASEAN's energy transition,

empowering ASEAN's energy transition, corporate pathways to renewable energy.

As mentioned earlier, this discussion will bring together policy makers,

will bring together policy makers, corporate leaders, and industry experts

corporate leaders, and industry experts to explore how ASEAN can unlock

to explore how ASEAN can unlock credible, scalable, and investable

credible, scalable, and investable models for corporate renewable energy

models for corporate renewable energy procurement.

procurement. To guide this conversation, please join

To guide this conversation, please join me in welcoming our moderator, Mr. Henry

me in welcoming our moderator, Mr. Henry Yu, head of policy and development for

Yu, head of policy and development for Singapore and Malaysia at the Asia Clean

Singapore and Malaysia at the Asia Clean Energy Coalition. Henry

and joining Henry on the panel are young Bahaguan Rosi bin Eman director of

Bahaguan Rosi bin Eman director of industry planning and development energy

industry planning and development energy commissioner of Malaysia or Surahan

commissioner of Malaysia or Surahan giant

Miss Sophie Reebas senior lead energy market development at Google,

Miss Jane Tay, head of PPA organization and energy oft.

And lastly, Mr. Michael Button, head of energy and environment at Prince

energy and environment at Prince Princeton.

Princeton. Please w please join me in welcoming all

Please w please join me in welcoming all of our distinguished panelists to the

of our distinguished panelists to the stage.

Henry over to you. >> Thank you much.

>> Thank you much. >> Good afternoon. It's past uh 12:00 p.m.

>> Good afternoon. It's past uh 12:00 p.m. So, it's uh soon to be lunch. I do note

So, it's uh soon to be lunch. I do note that we are a bit tight of time, but I

that we are a bit tight of time, but I was speaking to them. I think we do have

was speaking to them. I think we do have time until 12:35, 12:40. We really have

time until 12:35, 12:40. We really have a lot to cover, but do stay do stay here

a lot to cover, but do stay do stay here and we'll unpack a lot of good questions

and we'll unpack a lot of good questions as you can see from our star panelists

as you can see from our star panelists here. Um so I just like to start off uh

here. Um so I just like to start off uh with the panel. Um I would just like to

with the panel. Um I would just like to ask could each of you just share briefly

ask could each of you just share briefly your organization's sustainability and

your organization's sustainability and clean energy goals. So for example what

clean energy goals. So for example what are the key pathway

>> perspective from a data center hyperscaler perspective or even from a

hyperscaler perspective or even from a developers perspective. So uh Tuan we

developers perspective. So uh Tuan we can start with you.

can start with you. Thank you Henry. I think s just uh uh

Thank you Henry. I think s just uh uh just uh present just know that the our

just uh present just know that the our goals on the energy uh transition uh

goals on the energy uh transition uh based on the we have a national map we

based on the we have a national map we have the national target we are looking

have the national target we are looking for 70% le and net zero net zero carbon

for 70% le and net zero net zero carbon by year 2050 as we that's why important

by year 2050 as we that's why important to to to to because

to to to to because already set by the policy government

already set by the policy government talking about 70% le and net zero by

talking about 70% le and net zero by year 3050. So as weather the important

year 3050. So as weather the important thing we need to how to make sure that

thing we need to how to make sure that one uh call in line in our our needs the

one uh call in line in our our needs the we have go back to the tilema energy

we have go back to the tilema energy dilemma. We have energy dma talking

dilemma. We have energy dma talking about afordability sustainability and uh

about afordability sustainability and uh security that quite important to

security that quite important to regulator before we said which uh

regulator before we said which uh program we need to introduce which

program we need to introduce which program we need to implement in our

program we need to implement in our country. this quite important but we

country. this quite important but we support totally on uh our program on our

support totally on uh our program on our our our policy made by the government on

our our policy made by the government on the 70% le and net zero by 2050 and we

the 70% le and net zero by 2050 and we have a uh many program that's just

have a uh many program that's just introduced in the slide just now we also

introduced in the slide just now we also introduce fat firstly fat and we talking

introduce fat firstly fat and we talking about the name one name two and three we

about the name one name two and three we already talking about the uh coming in

already talking about the uh coming in new end of this year and we're talking

new end of this year and we're talking about the other program to name but

about the other program to name but different because of the how to selling

different because of the how to selling the energy to the industry. You use post

the energy to the industry. You use post you can sell long industry but based on

you can sell long industry but based on the market market price but one is still

the market market price but one is still the discuss how to determine the market

the discuss how to determine the market price on the solar currently we have the

price on the solar currently we have the market price on the thermal but solar we

market price on the thermal but solar we still not don't have the market price so

still not don't have the market price so that's why you still discuss because

that's why you still discuss because solar mostly only for house the you can

solar mostly only for house the you can get you can you can get 30 hours you can

get you can you can get 30 hours you can put to market which one you can can use

put to market which one you can can use that's why you need we have a S&P for

that's why you need we have a S&P for the but we don't have SMP for the solar

the but we don't have SMP for the solar so that's why we we will focus this uh

so that's why we we will focus this uh for new program uh uh at we callated

for new program uh uh at we callated something I can't remember what the name

something I can't remember what the name something like the name something name

something like the name something name for name for just limited some some uh

for name for just limited some some uh called uh program some limited

called uh program some limited limitation of the the just on the

limitation of the the just on the rooftop small rooftop but I thought we

rooftop small rooftop but I thought we can install more than that and uh

can install more than that and uh currently just now government talk this

currently just now government talk this budget last week two weeks they okay

budget last week two weeks they okay about another 500 megawatt for this

about another 500 megawatt for this project this something they give away

project this something they give away the tool too and code. Selco is still

the tool too and code. Selco is still another uh what you call another program

another uh what you call another program that be very important to to to the

that be very important to to to the government because industry need to sell

government because industry need to sell code. Celco need to do they use I think

code. Celco need to do they use I think self consumption that they install solar

self consumption that they install solar and they can use B for himself. So Celco

and they can use B for himself. So Celco currently at this point the new the old

currently at this point the new the old cut line only allow at the rooftop but

cut line only allow at the rooftop but now because uh industry need to more

now because uh industry need to more more circle and limitation only 85% from

more circle and limitation only 85% from the maximum demand but now you can okay

the maximum demand but now you can okay you can store more than that currently

you can store more than that currently the new new Sco introduced you can store

the new new Sco introduced you can store more than that more than you can 100%

more than that more than you can 100% and you also can install at the ground

and you also can install at the ground mounted near to your area that's why

mounted near to your area that's why this another adjective that we do we we

this another adjective that we do we we we did but then but they We need to

we did but then but they We need to install battery because we don't want

install battery because we don't want interrupt the system right they need to

interrupt the system right they need to install battery the circle okay install

install battery the circle okay install and you can I don't know maybe I don't

and you can I don't know maybe I don't know if I

know if I center need to do this they need to

center need to do this they need to install solar and battery together at

install solar and battery together at least uh they can because they we don't

least uh they can because they we don't want the we call the uh interrupt they

want the we call the uh interrupt they call the great system so that's why the

call the great system so that's why the our suggestion okay we now the previous

our suggestion okay we now the previous is coming they can stop on that and LSS

is coming they can stop on that and LSS LSS quite quite uh support very good but

LSS quite quite uh support very good but the guard we had five six LSS every year

the guard we had five six LSS every year every every year we talking about 2 gig

every every year we talking about 2 gig 2 gig 2 gig and this is our target on

2 gig 2 gig and this is our target on the because to achieve the 58 58% solar

the because to achieve the 58 58% solar in year by 2050 uh but about yeah at

in year by 2050 uh but about yeah at this uh next year we will introduce

this uh next year we will introduce solar with the battery hybrid but still

solar with the battery hybrid but still think because based on the where where

think because based on the where where one go to is it by zonal or by because

one go to is it by zonal or by because we on the nal point is what the

we on the nal point is what the transition plan point. So that's why you

transition plan point. So that's why you need to to look together with the do

need to to look together with the do utility company to balance which uh

utility company to balance which uh the point that suit for this new new

the point that suit for this new new zonal is okay or something we this thing

zonal is okay or something we this thing thinking we thinking but we hopefully

thinking we thinking but we hopefully this uh and and early next year we can

this uh and and early next year we can uh finalize the our discussion and we

uh finalize the our discussion and we can get a solution what type the elastic

can get a solution what type the elastic we need introduce to the country. This

we need introduce to the country. This is something under the proway this

is something under the proway this totally government support for the re

totally government support for the re toward the uh zero net carbon by year

toward the uh zero net carbon by year 2050. Thank you.

2050. Thank you. >> Good one. Next on to Sophie.

>> Good one. Next on to Sophie. >> Thank you. Um let me maybe just start

>> Thank you. Um let me maybe just start off by thanking um both ACE and ASAC for

off by thanking um both ACE and ASAC for inviting me here today. Um to share a

inviting me here today. Um to share a little bit about um Google's clean

little bit about um Google's clean energy goals and our journey. Um, you

energy goals and our journey. Um, you know, I'd start off by saying that in

know, I'd start off by saying that in many ways our clean energy journey

many ways our clean energy journey started back in 2010 when we signed our

started back in 2010 when we signed our first corporate PPA in the United

first corporate PPA in the United States. Uh, 7 years later in 2017, we

States. Uh, 7 years later in 2017, we started matching 100% of our electricity

started matching 100% of our electricity use with renewable energy purchases. And

use with renewable energy purchases. And this is something that we've continued

this is something that we've continued to do every year since. Um, and then in

to do every year since. Um, and then in 2020, we sort of set ourselves a new

2020, we sort of set ourselves a new northstar, which is to operate on 24/7

northstar, which is to operate on 24/7 carbon-f free energy. And what that

carbon-f free energy. And what that means is essentially to source carbon-f

means is essentially to source carbon-f free energy every hour of the day, 365

free energy every hour of the day, 365 days a year on every grid where we

days a year on every grid where we operate.

operate. So alongside with this 247 carbon-f free

So alongside with this 247 carbon-f free energy goal, um Google also aims to

energy goal, um Google also aims to operate or sorry I should say aims to

operate or sorry I should say aims to achieve net zero emissions uh across our

achieve net zero emissions uh across our operations and value chain by 2030.

operations and value chain by 2030. And to the second part of your question,

And to the second part of your question, um I would say we're focused on ex

um I would say we're focused on ex making progress on solutions and

making progress on solutions and pathways that really um align with the

pathways that really um align with the decarbonization

decarbonization needs of the grids where we operate. So

needs of the grids where we operate. So we spend quite a bit of time thinking

we spend quite a bit of time thinking about how different technologies can

about how different technologies can work together and um you know create

work together and um you know create portfolios of solutions that deliver

portfolios of solutions that deliver around the clock clean energy to the

around the clock clean energy to the grids where um we are operating. Um and

grids where um we are operating. Um and here mature technologies uh as Monica's

here mature technologies uh as Monica's uh presentation rightfully pointed to

uh presentation rightfully pointed to like solar and wind play a really

like solar and wind play a really foundational role. Um so it's really

foundational role. Um so it's really important that we continue to accelerate

important that we continue to accelerate the deployment of these solar and wind

the deployment of these solar and wind resources and also maximize their use um

resources and also maximize their use um because they're absolutely foundational

because they're absolutely foundational to decarbonizing our grids and and

to decarbonizing our grids and and corporate loads as well. Um and then in

corporate loads as well. Um and then in conjunction with that with solar and

conjunction with that with solar and wind um in order to realize uh 247

wind um in order to realize uh 247 decarbonization at the lowest possible

decarbonization at the lowest possible cost we're also going to need uh clean,

cost we're also going to need uh clean, firm and dispatchable uh resources uh

firm and dispatchable uh resources uh technologies. And so in many ways our

technologies. And so in many ways our our progress so far in the region

our progress so far in the region reflects this um and also takes into

reflects this um and also takes into account the uh unique grid and resource

account the uh unique grid and resource conditions of each market. Uh so maybe

conditions of each market. Uh so maybe just to share very briefly a few

just to share very briefly a few examples from the last couple years. Uh

examples from the last couple years. Uh we've we've definitely tailored some

we've we've definitely tailored some solar and wind solutions in the Asia-

solar and wind solutions in the Asia- Pacific region. Um we, you know, from

Pacific region. Um we, you know, from from aggregating hundreds of really

from aggregating hundreds of really small solar projects across Japan, which

small solar projects across Japan, which is land constrained, to um in Taiwan

is land constrained, to um in Taiwan striking our first offshore wind PPA and

striking our first offshore wind PPA and also um supporting the development of a

also um supporting the development of a new uh 1 gawatt uh pipeline of solar

new uh 1 gawatt uh pipeline of solar capacity um in in the country. and and

capacity um in in the country. and and and then in conjunction with that we've

and then in conjunction with that we've also entered in first of a kind deals um

also entered in first of a kind deals um for base load power uh including uh a

for base load power uh including uh a geothermal PPA in Taiwan uh which really

geothermal PPA in Taiwan uh which really aims to catalyze the market um and also

aims to catalyze the market um and also committing to offtake from a sustainable

committing to offtake from a sustainable biomass power plant that's also equipped

biomass power plant that's also equipped with um a pilot technology for car

with um a pilot technology for car carbon capture um in Singapore. So I I

carbon capture um in Singapore. So I I think it's it's really about um you know

think it's it's really about um you know understanding the local conditions and

understanding the local conditions and then really thinking creatively um

then really thinking creatively um around um impactful solutions.

around um impactful solutions. >> Thank you Sophie. It's very very

>> Thank you Sophie. It's very very interesting to hear um all hands- on

interesting to hear um all hands- on deck on the solutions and technologies

deck on the solutions and technologies from geothermal woodways in Singapore.

from geothermal woodways in Singapore. Thank you for sharing. I'll pass it on

Thank you for sharing. I'll pass it on to um Jane from IBO.

to um Jane from IBO. >> Okay. As a developer, I would say that

>> Okay. As a developer, I would say that the our clean energy goals is to really

the our clean energy goals is to really make the clean energy goal of the energy

make the clean energy goal of the energy commission Malaysia, Google as well as

commission Malaysia, Google as well as PDG's energy goals come true in a

PDG's energy goals come true in a sustainable way and in a economical way

sustainable way and in a economical way I would say right. So having batteries

I would say right. So having batteries into the I mean getting more and more

into the I mean getting more and more batteries into the solar power plant as

batteries into the solar power plant as a hybrid I think is is really the very

a hybrid I think is is really the very right thing to do. And I'm really glad

right thing to do. And I'm really glad and appreciate Malaysia taking this

and appreciate Malaysia taking this leadership in in this Southeast Asia

leadership in in this Southeast Asia region by you know pushing for the uh

region by you know pushing for the uh battery storage systems to be co

battery storage systems to be co colllocated together with the solar

colllocated together with the solar power plants. I would say that moving

power plants. I would say that moving forward what is very important in order

forward what is very important in order for us to achieve the ambition of 24x7

for us to achieve the ambition of 24x7 24 by7 you know these are very high bars

24 by7 you know these are very high bars that these guys are setting and we are

that these guys are setting and we are really here to support them and to make

really here to support them and to make sure that we can reach them sooner

sure that we can reach them sooner rather than later. So I was thinking one

rather than later. So I was thinking one of the ways in which we can do that is

of the ways in which we can do that is really to look at um hybrid plants no

really to look at um hybrid plants no longer as just an addition but looking

longer as just an addition but looking at it as a one system. It really is just

at it as a one system. It really is just one system solar plus battery or wind

one system solar plus battery or wind plus battery one entire system. How do

plus battery one entire system. How do we look into how we look at that? How

we look into how we look at that? How can policy um certainty and regulatory

can policy um certainty and regulatory framework help to support and reinforce

framework help to support and reinforce this so that when we talk about PPAs I

this so that when we talk about PPAs I mean all these rules are already

mean all these rules are already established. They are transparent. They

established. They are transparent. They are consistent. um echoing Emma's words

are consistent. um echoing Emma's words right uh like uh you know the guidelines

right uh like uh you know the guidelines on corporate PPAs not just on

on corporate PPAs not just on transparent and competitive market

transparent and competitive market policies I would also like to add a

policies I would also like to add a pillar which is probably consistency

pillar which is probably consistency right when we have all these around it

right when we have all these around it really helps to bolster uh investors and

really helps to bolster uh investors and finances confidence in all and ensure

finances confidence in all and ensure that the BPA is bankable which we will

that the BPA is bankable which we will help us to secure financing and speed up

help us to secure financing and speed up and ensure that the the clean energy

and ensure that the the clean energy goals of the people on stage and the

goals of the people on stage and the people off stage are you achieved sooner

people off stage are you achieved sooner rather than later. Thank you.

>> Um Henry, thanks for the opportunity. I just want to go and thank um ASC and ACE

just want to go and thank um ASC and ACE for uh inviting me to participate today.

for uh inviting me to participate today. Um Prince Digital Group uh was founded

Um Prince Digital Group uh was founded in 2017. Um and uh since that time

in 2017. Um and uh since that time really what we've tried to go and do is

really what we've tried to go and do is be of service to our customers, which

be of service to our customers, which are the hyperscalers. Um we build large

are the hyperscalers. Um we build large collocation facilities. Um and with that

collocation facilities. Um and with that in mind, we have uh a scope one and

in mind, we have uh a scope one and scope two net zero goal that's to be

scope two net zero goal that's to be achieved by um uh 2030 and then an

achieved by um uh 2030 and then an hourly matching goal uh that we're uh

hourly matching goal uh that we're uh looking to go and and build up to come

looking to go and and build up to come 2035. Um in order to go and do that

2035. Um in order to go and do that echoing, you know, what uh fellow

echoing, you know, what uh fellow panelists have shared, you know, we have

panelists have shared, you know, we have to go and be very thoughtful in terms of

to go and be very thoughtful in terms of what's available to us uh and what's

what's available to us uh and what's not. So what we try to go and do is

not. So what we try to go and do is obviously enter into PPAs um when and

obviously enter into PPAs um when and where possible uh across our operations

where possible uh across our operations which expand from um which span excuse

which expand from um which span excuse me from India to Japan uh Indonesia to

me from India to Japan uh Indonesia to China uh and then to go and advocate for

China uh and then to go and advocate for policy um directly and indirectly via

policy um directly and indirectly via coalitions um to go and fill those gaps.

coalitions um to go and fill those gaps. Um and I think you know one of the

Um and I think you know one of the things I just wanted to go and do really

things I just wanted to go and do really briefly is just to go and complement uh

briefly is just to go and complement uh what is being done here in Malaysia. I

what is being done here in Malaysia. I think, you know, we've seen some great

think, you know, we've seen some great incremental progress and I think it's

incremental progress and I think it's been a really collaborative effort as

been a really collaborative effort as well and it's that type of relationship

well and it's that type of relationship that allows us to go and refine and

that allows us to go and refine and perfect the regulations over time to

perfect the regulations over time to really go and support a lot more

really go and support a lot more corporate PPPAs uh being entered into um

corporate PPPAs uh being entered into um and I think we're going to go and see a

and I think we're going to go and see a lot of right steps um being taken this

lot of right steps um being taken this year and then many many more in the

year and then many many more in the years to come.

years to come. >> Thanks Michael and everyone. I think

>> Thanks Michael and everyone. I think that's really a good segue um into our

that's really a good segue um into our next question uh to uh Ton Rosley um

next question uh to uh Ton Rosley um because like Malaysia has seen a lot of

because like Malaysia has seen a lot of leadership through the programs such as

leadership through the programs such as uh NM LSS um CR cream um you know and if

uh NM LSS um CR cream um you know and if you look across as our presenters have

you look across as our presenters have shared earlier you know like in Vietnam

shared earlier you know like in Vietnam there's direct PPA in Thailand there's

there's direct PPA in Thailand there's green tariff um in Singapore also where

green tariff um in Singapore also where I'm based there's also limited um solar

I'm based there's also limited um solar novas upon the HTB rooftops that we can

novas upon the HTB rooftops that we can do so if I may ask one uh Rosly like

do so if I may ask one uh Rosly like what what are some lessons that the a

what what are some lessons that the a other AAN countries can learn like what

other AAN countries can learn like what is Malaysia's secret source you know

is Malaysia's secret source you know that that you know we keep on evolving

that that you know we keep on evolving creating programs hearing the industry

creating programs hearing the industry what is your leadership uh secret

thank you okay talking about secret okay this Normally

talking about secret okay this Normally because our policy clear right the

because our policy clear right the government already set clear talking

government already set clear talking about the net zero by year 2050 zero

about the net zero by year 2050 zero carbon and uh put a road map. We have a

carbon and uh put a road map. We have a two road map talking about the energy

two road map talking about the energy and talking about one is nest

and talking about one is nest road map and another one is a my talking

road map and another one is a my talking about the rainology malaysia renology

about the rainology malaysia renology road map talking about the host thing

road map talking about the host thing the the direction and support government

the the direction and support government quite clear okay this they need

quite clear okay this they need something uh this program and escalator

something uh this program and escalator uh st must be uh uh look back all the

uh st must be uh uh look back all the whatever this policy make by government

whatever this policy make by government based on the just three dilemma

based on the just three dilemma important things are applicable

important things are applicable Then and security security quite

Then and security security quite important because currently at this

important because currently at this moment if we implement without taking

moment if we implement without taking what the three energy train all thing

what the three energy train all thing they call we have especally on the grid

they call we have especally on the grid system G system quite quite very now the

system G system quite quite very now the very constraint right so that's why we

very constraint right so that's why we need to upgrade the gring so we must we

need to upgrade the gring so we must we have uh good because of the our team

have uh good because of the our team private and government working together

private and government working together right so that's why we before we

right so that's why we before we implement new uh new scheme or New a new

implement new uh new scheme or New a new call a new programing we we call a

call a new programing we we call a utility we discuss utility company and

utility we discuss utility company and uh we shall discuss with of course a

uh we shall discuss with of course a policy maker and as we are implement the

policy maker and as we are implement the regulator we we see we we have meeting

regulator we we see we we have meeting many times so how to implement this

many times so how to implement this program this program uh so we have our

program this program uh so we have our planning uh every year we have meeting

planning uh every year we have meeting on the planning we call it Japet we call

on the planning we call it Japet we call we call something Malaysia something

we call something Malaysia something this we call we call

this we call we call uh something the call said by the

uh something the call said by the minister. They have one called we call

minister. They have one called we call group to discuss uh what we need for the

group to discuss uh what we need for the next projects to ensure that our program

next projects to ensure that our program uh can be uh can be implement and our

uh can be uh can be implement and our program uh uh can be as we call uh uh

program uh uh can be as we call uh uh what targets can be achievable. So

what targets can be achievable. So that's why we need to discuss again and

that's why we need to discuss again and every time and uh the important things

every time and uh the important things because we cannot cannot Thailand is

because we cannot cannot Thailand is different Thailand mostly similar right

different Thailand mostly similar right because of demand industries to demand

because of demand industries to demand just mention about the uh utility and uh

just mention about the uh utility and uh regulator so industry so take a role

regulator so industry so take a role play role and this water role to the

play role and this water role to the discussion because normally we are

discussion because normally we are listening that we call from the industry

listening that we call from the industry into talking about the

into talking about the we call the system they need the energy

we call the system they need the energy they need energy by straight to the from

they need energy by straight to the from developer and they because they don't

developer and they because they don't want to buy from the something they need

want to buy from the something they need maybe need because they're talking about

maybe need because they're talking about the green host thing right uh they

the green host thing right uh they discuss so we have discuss we get idea

discuss so we have discuss we get idea from the industry we get idea from the

from the industry we get idea from the policy maker and we have idea from the

policy maker and we have idea from the call the utility we set all the thing

call the utility we set all the thing and we implement new program for the le

and we implement new program for the le toward the day zero by year 2050 this is

toward the day zero by year 2050 this is something very challenging and we hope

something very challenging and we hope uh a collaboration between the

uh a collaboration between the government and private sector especially

government and private sector especially for from the industry will uh continue

for from the industry will uh continue and uh to make sure that what you call

and uh to make sure that what you call the

the map NAT map or my map set by the

map NAT map or my map set by the government can be uh implemented. Thank

government can be uh implemented. Thank you.

you. >> Thank you to I think that's really a

>> Thank you to I think that's really a brilliant way to put it. I think um a

brilliant way to put it. I think um a key mission like of what we do is

key mission like of what we do is private public uh partnership or PPP as

private public uh partnership or PPP as it's commonly coined. Um and that brings

it's commonly coined. Um and that brings a good segue to um the corporate demand

a good segue to um the corporate demand and market uh dynamics. So uh if I can

and market uh dynamics. So uh if I can turn to you Sophie um you know ASAC and

turn to you Sophie um you know ASAC and SIBA we we did a recent paper and a

SIBA we we did a recent paper and a shout out to I think SBA I think Kamar

shout out to I think SBA I think Kamar is here in in in the crowd thanks for

is here in in in the crowd thanks for coming all the way um so for the report

coming all the way um so for the report I think to which there were we were

I think to which there were we were exploring clean energy procurement

exploring clean energy procurement options in Asia Pacific um I know Google

options in Asia Pacific um I know Google contributed um to the paper as well so

contributed um to the paper as well so that there was a valuable toolkit

that there was a valuable toolkit showcasing pathways on on-site

showcasing pathways on on-site generation offsite PPAs UGTS racks so

generation offsite PPAs UGTS racks so from your perspective is there anything

from your perspective is there anything from those findings that you

from those findings that you particularly like to to highlight um

particularly like to to highlight um that any policy makers can learn.

that any policy makers can learn. >> Yeah, thank you very much. Um that's a

>> Yeah, thank you very much. Um that's a great question. I think um just first of

great question. I think um just first of all kudos to um both AC and SBA for the

all kudos to um both AC and SBA for the publication of these really useful

publication of these really useful resources um that focus on you know how

resources um that focus on you know how to make these corporate procurement

to make these corporate procurement schemes um impactful. And I think when

schemes um impactful. And I think when we when we talk about impact, what we're

we when we talk about impact, what we're really asking is how can corporate

really asking is how can corporate procurement be um you know an

procurement be um you know an accelerating factor to system level

accelerating factor to system level decarbonization.

decarbonization. And you know the way these procurement

And you know the way these procurement schemes are designed play a really

schemes are designed play a really important role. And so it's been

important role. And so it's been highlighted um by Emma uh previously

highlighted um by Emma uh previously it's really important uh for these

it's really important uh for these schemes to be designed with you know

schemes to be designed with you know several things in mind including um uh

several things in mind including um uh additionality uh affordability

additionality uh affordability scalability um and uh and traceability.

scalability um and uh and traceability. You know, additionality is really

You know, additionality is really important because um it essentially

important because um it essentially ensures that corporate demand funds new

ensures that corporate demand funds new projects that lead to incremental clean

projects that lead to incremental clean uh energy being generated and added to

uh energy being generated and added to local grids. So that's super key. Um

local grids. So that's super key. Um traceability is also important because

traceability is also important because it essentially ensures that the impact

it essentially ensures that the impact is real, that there's no double

is real, that there's no double counting, that there's no uh double

counting, that there's no uh double claiming um happening. Um so that's also

claiming um happening. Um so that's also really fundamental. Um and then you know

really fundamental. Um and then you know scalability is is is a is a factor. Um

scalability is is is a is a factor. Um well there's many factors that really

well there's many factors that really that that that go to scalability. Emma

that that that go to scalability. Emma mentioned you know um ensuring that

mentioned you know um ensuring that there's no uh caps uh that are put on

there's no uh caps uh that are put on schemes. That's one. Um it's also

schemes. That's one. Um it's also important for schemes to be really

important for schemes to be really straightforward um in terms of uh of

straightforward um in terms of uh of their actionability uh for users to be

their actionability uh for users to be inclusive and last but certainly not

inclusive and last but certainly not least to be affordable. And here maybe

least to be affordable. And here maybe just one things I'll I'll highlight from

just one things I'll I'll highlight from from um the paper is the recommendation

from um the paper is the recommendation to have um you know grid charges which

to have um you know grid charges which in some um in in in certain you know

in some um in in in certain you know which which you see in UGT schemes as

which which you see in UGT schemes as well as in PPA schemes to have these

well as in PPA schemes to have these these charges be um stable over the

these charges be um stable over the course of um the the the offtake period

course of um the the the offtake period um to be transparent and to be fairly

um to be transparent and to be fairly determined.

determined. >> Thanks Sophie. Yes, I do hear that it

>> Thanks Sophie. Yes, I do hear that it has to be commercially viable. There

has to be commercially viable. There needs to be a business case. I also

needs to be a business case. I also heard the words bankability a lot. So

heard the words bankability a lot. So turning to our developer um Jane who who

turning to our developer um Jane who who mentioned that they do hope to um supply

mentioned that they do hope to um supply um really great and affordable at scale

um really great and affordable at scale green energy. Um Jane as a developer

green energy. Um Jane as a developer structuring corporate PPAs which you are

structuring corporate PPAs which you are expert uh across the region uh in Azan I

expert uh across the region uh in Azan I mean will you be able to share some

mean will you be able to share some challenges? I mean there are many and

challenges? I mean there are many and maybe also one or two solutions that

maybe also one or two solutions that that um I will bring to the table.

that um I will bring to the table. >> Sure. Last night during dinner I was

>> Sure. Last night during dinner I was joking you know I I think instead of

joking you know I I think instead of sharing challenges and solutions can I

sharing challenges and solutions can I share all the challenges because there

share all the challenges because there might be no solutions to offer this is

might be no solutions to offer this is the day-to-day thing that we face right

the day-to-day thing that we face right okay but probably I'll just list out

okay but probably I'll just list out like three three top three challenges uh

like three three top three challenges uh when it comes to like PPA at this at

when it comes to like PPA at this at this time and age number one is

this time and age number one is definitely for bankability we always

definitely for bankability we always look towards the offtaker right because

look towards the offtaker right because they are really the in short layman

they are really the in short layman terms pay master so we have to make sure

terms pay master so we have to make sure that the pay master is secure is

that the pay master is secure is reliable is creditw worthy so that when

reliable is creditw worthy so that when they are you know they make payments

they are you know they make payments that's on time this is like entire

that's on time this is like entire backbone of the PPA so that we are able

backbone of the PPA so that we are able to secure financing and we are able to

to secure financing and we are able to ensure that the revenue stream will come

ensure that the revenue stream will come in when they are supposed to come in so

in when they are supposed to come in so that we can make our cash uh I mean we

that we can make our cash uh I mean we can make our loan repayments to the

can make our loan repayments to the financers. So this is definitely one of

financers. So this is definitely one of the most key issue and how do we make

the most key issue and how do we make sure that the credit uh you know uh like

sure that the credit uh you know uh like data centers or rather buyers are are

data centers or rather buyers are are credible. you you you need to go through

credible. you you you need to go through your usual KYC and uh right at the get-

your usual KYC and uh right at the get- go usually what I do is as well is um I

go usually what I do is as well is um I usually would socialize with the lenders

usually would socialize with the lenders first right early on and understand from

first right early on and understand from them the parameters of you know what uh

them the parameters of you know what uh how what do we look at when it comes to

how what do we look at when it comes to being uh an offtaker being credible or

being uh an offtaker being credible or bankable or not. So with these

bankable or not. So with these parameters it makes things I rather

parameters it makes things I rather shorten the lead time it takes to uh

shorten the lead time it takes to uh negotiate a bank op because we would

negotiate a bank op because we would know that which are the areas that we

know that which are the areas that we have to stem our foot uh foot on and

have to stem our foot uh foot on and which are the areas that we are really

which are the areas that we are really open to discussing further right and um

open to discussing further right and um I think that is number one. Number two

I think that is number one. Number two would probably be um I would say the

would probably be um I would say the like a regulatory consistency framework

like a regulatory consistency framework because uh the the transparency and the

because uh the the transparency and the consistency in the regulatory framework

consistency in the regulatory framework really means a lot when it comes to the

really means a lot when it comes to the PPA because PPA we're talking about a

PPA because PPA we're talking about a very long period of time right 20 years

very long period of time right 20 years in 20 years things will change and

in 20 years things will change and things could change and when things

things could change and when things change what's going to happen to the all

change what's going to happen to the all this risk that we are talking about in

this risk that we are talking about in this entire PPA agreement so um I think

this entire PPA agreement so um I think uh having a very supportive and open uh

uh having a very supportive and open uh regulatory authorities who's willing to

regulatory authorities who's willing to listen to industry consultations and

listen to industry consultations and make improvements to the regulatory

make improvements to the regulatory framework. I think that really helps a

framework. I think that really helps a lot as what you know we can see from the

lot as what you know we can see from the Malaysia leadership here and as well as

Malaysia leadership here and as well as the like I said um consistency and

the like I said um consistency and transparency in all these charges that

transparency in all these charges that uh that are being leved because these

uh that are being leved because these are really some of the real risk factors

are really some of the real risk factors that we have to address in the PPA right

that we have to address in the PPA right at the get-go that means before the PPA

at the get-go that means before the PPA is being signed to ensure that it is

is being signed to ensure that it is bankable finances can accept that I

bankable finances can accept that I think uh these are the two uh big big

think uh these are the two uh big big main problems I would say and thirdly

main problems I would say and thirdly would be um

would be um thirdly would be in in terms of like um

thirdly would be in in terms of like um how should I put it um uh the the

how should I put it um uh the the PPA has now evolved in a stage where PPA

PPA has now evolved in a stage where PPA used to be like it's like those you know

used to be like it's like those you know cookie cutter when we when when we sign

cookie cutter when we when when we sign a PPA with let's say TMBB

a PPA with let's say TMBB straightforward 21 years very bankable

straightforward 21 years very bankable very reliable offtaker and the terms are

very reliable offtaker and the terms are just like I said cookie carter you copy

just like I said cookie carter you copy and paste is you just change the

and paste is you just change the developer name you just change the

developer name you just change the project uh mechanics that's all but now

project uh mechanics that's all but now the PP has evolved into such a creature

the PP has evolved into such a creature that it is so different from what the

that it is so different from what the cookie cutter is like every offtaker has

cookie cutter is like every offtaker has different demands. You know when you

different demands. You know when you meet with offtakers who have set very

meet with offtakers who have set very high bars 24 by7 and then this this also

high bars 24 by7 and then this this also puts in more more I would say throw in

puts in more more I would say throw in more curve balls into what would could

more curve balls into what would could be a more typical kind of the PPA and

be a more typical kind of the PPA and bankers are really learning about all

bankers are really learning about all this new stuff. They are still learning

this new stuff. They are still learning about in this part of the world. They

about in this part of the world. They are still learning about how best can

are still learning about how best can work, how reliable it is, how will it be

work, how reliable it is, how will it be discharged, how would be charged, how do

discharged, how would be charged, how do you monetize from all this and how do

you monetize from all this and how do you couple it together with the

you couple it together with the traditional solar PPA. So with all these

traditional solar PPA. So with all these things and with like maybe um shorter

things and with like maybe um shorter teners that we're looking at because of

teners that we're looking at because of data centers and consumers requirements,

data centers and consumers requirements, you know, all these things are very new

you know, all these things are very new and they are really coming very fast and

and they are really coming very fast and furious. so fast and furious that

furious. so fast and furious that finances may be having a a slightly

finances may be having a a slightly challenging time to really understand

challenging time to really understand everything and what are all the risks

everything and what are all the risks that are involved for them to take the

that are involved for them to take the plunge forward and you know open their

plunge forward and you know open their wallet to us. So I mean all all these

wallet to us. So I mean all all these are really uh like real challenges that

are really uh like real challenges that we are facing on a day-to-day basis. So

we are facing on a day-to-day basis. So what are some of the solutions? Like I

what are some of the solutions? Like I said, I think um at the get-go very

said, I think um at the get-go very clear guidelines and a very open uh uh

clear guidelines and a very open uh uh regulatory authorities would really help

regulatory authorities would really help to for us to proceed these um

to for us to proceed these um conversations with bankers to let them

conversations with bankers to let them know hey you see even though there there

know hey you see even though there there are changes that have been made to the

are changes that have been made to the policies from the time it was being

policies from the time it was being announced. But you can see that they are

announced. But you can see that they are really for the better right and because

really for the better right and because why? because you know they have they

why? because you know they have they consulted the industry and they are

consulted the industry and they are willing and open to to make improvements

willing and open to to make improvements to the policies to enable such energy

to the policies to enable such energy transition to happen in a in a speedier

transition to happen in a in a speedier way and and and also to feed the the

way and and and also to feed the the tilema that is you know secure reliable

tilema that is you know secure reliable and definitely affordable. So I think

and definitely affordable. So I think that is uh one of the solution that we

that is uh one of the solution that we have there to really have all these

have there to really have all these conversations and to be very transparent

conversations and to be very transparent because ultimately it is really a matter

because ultimately it is really a matter of solving risk because and uh we have

of solving risk because and uh we have come to this stage where we not only

come to this stage where we not only need financing but we really need to

need financing but we really need to think how to finance it differently

think how to finance it differently because of all the different PPAs that

because of all the different PPAs that are coming on board. I think I'll pause

are coming on board. I think I'll pause here maybe you can have more things to

here maybe you can have more things to add on from a buyers perspective.

add on from a buyers perspective. >> Yes, exactly. Thanks so much Jane. Um

>> Yes, exactly. Thanks so much Jane. Um that was really insightful. We just had

that was really insightful. We just had a banking a bankability 101 over there.

a banking a bankability 101 over there. So Michael you heard from the regulator

So Michael you heard from the regulator from a hyperscaler and developer but as

from a hyperscaler and developer but as a data center operator um how do you how

a data center operator um how do you how is Princeton approaching the renewable

is Princeton approaching the renewable energy procurement uh markets like do

energy procurement uh markets like do you see promising progress especially

you see promising progress especially like when GHG protocol is going towards

like when GHG protocol is going towards like hourly matching. Um if I may

like hourly matching. Um if I may combine also both our questions like uh

combine also both our questions like uh we also had a conversation recently on

we also had a conversation recently on like more need for willing charges to be

like more need for willing charges to be transparent um more storage um more like

transparent um more storage um more like Joemoal um grid grid modernization. So

Joemoal um grid grid modernization. So yeah feel free to share Princeton's

yeah feel free to share Princeton's thoughts. Yeah, I think um you know from

thoughts. Yeah, I think um you know from a first principles perspective, the good

a first principles perspective, the good thing is is that whereas back in the day

thing is is that whereas back in the day we knew that we were going to have to

we knew that we were going to have to pay a premium because of the cost of the

pay a premium because of the cost of the infrastructure in terms of the PV

infrastructure in terms of the PV modules, the inverters, the batteries,

modules, the inverters, the batteries, right now we're going and seeing the

right now we're going and seeing the prices having come down so far and still

prices having come down so far and still actually trending in a downward

actually trending in a downward direction that um this is a very very

direction that um this is a very very competitive thing to go and do in terms

competitive thing to go and do in terms of the economics. Moreover, what we're

of the economics. Moreover, what we're actually going and seeing is that it's a

actually going and seeing is that it's a way to actually go and get power online

way to actually go and get power online faster than other options uh that we

faster than other options uh that we were uh utilizing back in the day. Um

were uh utilizing back in the day. Um you know, there are cues uh associated

you know, there are cues uh associated with gas turbines that are measuring,

with gas turbines that are measuring, you know, 5 years plus. Um when you were

you know, 5 years plus. Um when you were in the data center business, you know,

in the data center business, you know, for us, we have customers that are going

for us, we have customers that are going and saying, "Hey, we want this data

and saying, "Hey, we want this data center delivered um in 12 months." And

center delivered um in 12 months." And we have, you know, now a lot of

we have, you know, now a lot of customers that are coming in saying, you

customers that are coming in saying, you know, we want this now done in 9 months

know, we want this now done in 9 months and 6 months because you did it in 12

and 6 months because you did it in 12 months. And I think that trend is going

months. And I think that trend is going to go and continue. The reason I'm

to go and continue. The reason I'm bringing this up is because I think what

bringing this up is because I think what we want to go and do is um create a

we want to go and do is um create a system that doesn't mitigate those

system that doesn't mitigate those advantages um in terms of what is um you

advantages um in terms of what is um you know firm dispatchable in terms of for

know firm dispatchable in terms of for example a solar plus best solution uh

example a solar plus best solution uh like we're pursuing here in uh Malaysia.

like we're pursuing here in uh Malaysia. Um, so when I think about the

Um, so when I think about the administrative components, I want to go

administrative components, I want to go and make sure that those are elegant,

and make sure that those are elegant, that they're purpose- driven, that

that they're purpose- driven, that they're efficient, because I don't want

they're efficient, because I don't want to go and have those be the long lead

to go and have those be the long lead item. Uh, that prevents us from actually

item. Uh, that prevents us from actually going and executing a project, which we

going and executing a project, which we know we can go and do from a procurement

know we can go and do from a procurement perspective, we know we can go and do

perspective, we know we can go and do from uh, a actual construction

from uh, a actual construction perspective, and we know we can go and

perspective, and we know we can go and do from an operational perspective. And

do from an operational perspective. And I think the other thing that we want to

I think the other thing that we want to be mindful of is as pertains to that

be mindful of is as pertains to that administrative component is making sure

administrative component is making sure that we don't have extra costs in the

that we don't have extra costs in the equation that actually uh change those

equation that actually uh change those economics such that they're no longer

economics such that they're no longer economically comp uh competitive. And I

economically comp uh competitive. And I think there are two things to that. One

think there are two things to that. One is you know uh just the cost to start

is you know uh just the cost to start out with and then absolutely actually

out with and then absolutely actually the predictability of this cost moving

the predictability of this cost moving forward. um because you know for all

forward. um because you know for all intents of purposes this should be an

intents of purposes this should be an investment decision that's in the money

investment decision that's in the money um moving forward for the tenure of the

um moving forward for the tenure of the agreement that you're entering into. So

agreement that you're entering into. So if there are things that actually cause

if there are things that actually cause us to go and have some uncertainty

us to go and have some uncertainty around that that could actually go and

around that that could actually go and delay our decision to go and move

delay our decision to go and move forward with the project or prevent us

forward with the project or prevent us from moving forward with the project and

from moving forward with the project and that's something that we certainly want

that's something that we certainly want to go and ensure does not happen because

to go and ensure does not happen because we're firm believers in this given our

we're firm believers in this given our goals of course.

goals of course. >> Thanks Michael. I know we are running

>> Thanks Michael. I know we are running short of time so um starting from

short of time so um starting from Michael and down towards the panel um if

Michael and down towards the panel um if you have any closing reflections or any

you have any closing reflections or any closing thoughts to share from the

closing thoughts to share from the conversation today um feel free to add

conversation today um feel free to add in but also one last question is if Azan

in but also one last question is if Azan could take just one collective step in

could take just one collective step in the next three or five years to unlock

the next three or five years to unlock large scale corporate renewable energy

large scale corporate renewable energy procurement um what would that be and

procurement um what would that be and and why so any closing thoughts and um

and why so any closing thoughts and um that question starting from Michael all

that question starting from Michael all the way down

the way down >> well I think uh the thing to go and note

>> well I think uh the thing to go and note is that you know not all countries are

is that you know not all countries are equal. I think there are some that are

equal. I think there are some that are really going and doing some exciting

really going and doing some exciting things and there are some that have some

things and there are some that have some room for improvement. You know to be

room for improvement. You know to be able to go and enter into you know a

able to go and enter into you know a CPPA is a first step um that we need to

CPPA is a first step um that we need to go and take and that's not the case in

go and take and that's not the case in every single jurisdiction in which we're

every single jurisdiction in which we're operating and so I'd like to go and see

operating and so I'd like to go and see that become a uniform standard and then

that become a uniform standard and then we can go and focus on refining

we can go and focus on refining thereafter. I think the other thing is

thereafter. I think the other thing is just broadly speaking is that we can't

just broadly speaking is that we can't go and let you know perfect be the enemy

go and let you know perfect be the enemy of good. Um, I think there's always

of good. Um, I think there's always going to be an opportunity to go and

going to be an opportunity to go and refine. And what that means that we have

refine. And what that means that we have to go and think about is having a

to go and think about is having a collaborative relationship, not an

collaborative relationship, not an antagonistic relationship between the

antagonistic relationship between the renewable energy developers, the

renewable energy developers, the offtakers, the regulators, etc. when

offtakers, the regulators, etc. when we're trying to go and actually deliver

we're trying to go and actually deliver these audacious goals like Mr. Rosley

these audacious goals like Mr. Rosley actually showed us in terms of what they

actually showed us in terms of what they aspire to go and do in 2050.

I think for me is really the PPP thing like public private uh partnership

like public private uh partnership because it it really is key uh with the

because it it really is key uh with the right policies and we have a very

right policies and we have a very supportive uh public uh partner in here

supportive uh public uh partner in here it it it is almost like half the job

it it it is almost like half the job done right so because with that it is

done right so because with that it is giving confidence to investors

giving confidence to investors developers buyers everyone to enter into

developers buyers everyone to enter into the market and to make sure and to speed

the market and to make sure and to speed up this energy transition in a very

up this energy transition in a very sustainable way I would say that so um

sustainable way I would say that so um PPP partnership

PPP partnership like from the beginning like maybe

like from the beginning like maybe earlier in into the conversation that we

earlier in into the conversation that we can have this I think that would really

can have this I think that would really set the tone and make things faster.

set the tone and make things faster. Thank you.

Thank you. >> Uh maybe just a final point on um on on

>> Uh maybe just a final point on um on on on how to ensure sort of success of

on how to ensure sort of success of corporate procurement schemes um is

corporate procurement schemes um is really to have early and deep engagement

really to have early and deep engagement um with all the key stakeholders as as

um with all the key stakeholders as as these are being designed. Um I think

these are being designed. Um I think that's really fundamental to ensuring

that's really fundamental to ensuring that when launched the schemes are

that when launched the schemes are actionable and and and you know in doing

actionable and and and you know in doing that also really looking around and

that also really looking around and taking um you know taking some of the

taking um you know taking some of the lessons learned from other jurisdictions

lessons learned from other jurisdictions and um and and and what other utilities

and um and and and what other utilities and markets have experienced uh on board

and markets have experienced uh on board as during the design phase. I think

as during the design phase. I think that's also really key. And then um you

that's also really key. And then um you know on the Azan front I would say

know on the Azan front I would say accelerating grid integration is

accelerating grid integration is absolutely um fundamental. um you know

absolutely um fundamental. um you know an interconnected grid is a really

an interconnected grid is a really powerful way to unlock uh clean energy

powerful way to unlock uh clean energy supply at scale and to really

supply at scale and to really fundamentally you know shift the

fundamentally you know shift the economics and the reliability of power.

economics and the reliability of power. Um so I think uh you know there's been a

Um so I think uh you know there's been a lot of there's there's a lot of um

lot of there's there's a lot of um positive signals from the the momentum

positive signals from the the momentum that we're seeing right now on Azan

that we're seeing right now on Azan power grid.

>> Okay. I think uh I think we need something before as

I think we need something before as regulators we have different uh because

regulators we have different uh because you just uh put the policial thing right

you just uh put the policial thing right on PP I think sector and industry they

on PP I think sector and industry they need to work together and we can assist

need to work together and we can assist if possible something something as maybe

if possible something something as maybe we can say among asati how they develop

we can say among asati how they develop the host thing we can we maybe something

the host thing we can we maybe something new thing need to work together with

new thing need to work together with especally because industries still they

especally because industries still they they can go anywhere But if the asset

they can go anywhere But if the asset can

can some things uh put a one standard PPA or

some things uh put a one standard PPA or something modeling is quite good as GL

something modeling is quite good as GL we will support totally support this uh

we will support totally support this uh uh something called looking forward on

uh something called looking forward on the PPA uh for the industry and for the

the PPA uh for the industry and for the developer hopefully we can pro we can

developer hopefully we can pro we can this is a thing new thing we need to uh

this is a thing new thing we need to uh study with among asan country agent okay

study with among asan country agent okay thank you

thank you >> thank you very much everyone so you

>> thank you very much everyone so you heard from or the distinguished panel.

heard from or the distinguished panel. Um I do also believe that in ASAC clean

Um I do also believe that in ASAC clean energy coalition we are platform that

energy coalition we are platform that likewise says to all the members all our

likewise says to all the members all our guests here what is it that we partner

guests here what is it that we partner with government we partner with the

with government we partner with the private sector we partner with finances

private sector we partner with finances as well. So I just like to again please

as well. So I just like to again please join me to give a round of applause to

join me to give a round of applause to our established panel today and I'll

our established panel today and I'll pass the time back to Matthew. Thank

pass the time back to Matthew. Thank you.

All right. Well, almost at the end of our session and to wrap up this session,

our session and to wrap up this session, I invite you to invite Maria, associate

I invite you to invite Maria, associate director of engagement at the Agent

director of engagement at the Agent Clean Energy Coalition to deliver the

Clean Energy Coalition to deliver the closing remarks.

for us. Um first and foremost from the bottom factory on

bottom factory on Thank you. Thank you distinct speaker

Thank you. Thank you distinct speaker partner thank

um and um many many member and partners

and um many many member and partners have been here for the fun

have been here for the fun now please allow me to be um a big

now please allow me to be um a big not

not for the last five years but for when

for the last five years but for when first joy

We were very in talking about AP were there as well. Um and how a clean

there as well. Um and how a clean Scottish success and secure power grid

Scottish success and secure power grid can facilitate the global

can facilitate the global competitiveness not only for ASEAN but

competitiveness not only for ASEAN but also for the private companies and when

also for the private companies and when we look back the 2023

we look back the 2023 um

um the option for corporate to buy

the option for corporate to buy renewable energy at scale were very

renewable energy at scale were very limited. But today we have um Vietnami

limited. But today we have um Vietnami TPA, we have Malaysia press, we have

TPA, we have Malaysia press, we have pilot GPA pilot and week and people

pilot GPA pilot and week and people running the threat rules for virtual uh

running the threat rules for virtual uh in public consultation. There we are

in public consultation. There we are progress but we truly scale market

progress but we truly scale market competent debate essentials. We got

competent debate essentials. We got clarity, consistency, repeatability and

clarity, consistency, repeatability and the efficiency in overall and cost. um a

the efficiency in overall and cost. um a regional economic growth and policy

regional economic growth and policy revol and we continue to see um the

revol and we continue to see um the important reform in energy sector and

important reform in energy sector and the reform should be done with alignment

the reform should be done with alignment in mind ensuring that the national goals

in mind ensuring that the national goals and corporate renewable energy

and corporate renewable energy investment can work together

investment can work together I said we committed to support

I said we committed to support public private partnership with

public private partnership with corporate regulator later um and

corporate regulator later um and ecosystem

ecosystem partners once again thank you for your

partners once again thank you for your dedication

uh on behalf of the clean energy coalition and the president for energy

coalition and the president for energy thank you for joining us for today's

thank you for joining us for today's session and truly appreciate your time

session and truly appreciate your time and your engagement um

and your engagement um yeah so thank you makasim let's End of

yeah so thank you makasim let's End of today's session.

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คำบรรยาย YouTube:#AEBF25 | Day 3 - Empowering ASEAN’s Energy Transition: Corporate Pathways to Renewable Energy