The renewable energy landscape in Southeast Asia just experienced a defining shift as Brookfield Asset Management announced its acquisition of Singapore-based Alba Renewables on November 26, 2025. As global investors accelerate their pivot toward emerging market decarbonisation, this bold move positions Brookfield at the forefront of one of the world’s fastest-growing clean-energy regions. In this blog, we unpack what this acquisition means for regional energy transition, Alba’s impressive portfolio, and the future of clean power across Southeast Asia.

Brookfield’s acquisition marks its first catalytic transition investments in the Philippines and Thailand—two countries undergoing rapid renewable energy adoption. The deal also triggers the repayment of the convertible loan extended earlier by the SUSI Asia Energy Transition Fund, highlighting the fund’s ability to achieve swift realisations while scaling transition platforms in the region. For Brookfield, this transaction strengthens an expanding decarbonisation platform that now stretches across Southeast Asia, complementing its Malaysia joint venture with Solarvest and a recently acquired 100 MW operational wind project in Vietnam. This momentum underscores Brookfield’s overarching strategy: mobilising private capital into emerging markets to support the global march toward net-zero.

Founded in 2023, Alba Renewables has swiftly positioned itself as a powerhouse developer with 1.8 GW of wind, solar, and battery storage assets spread across the Philippines and Thailand. The company’s mission—to displace coal and accelerate Southeast Asia’s clean energy transition—is reflected in its diverse pipeline, which includes marquee developments such as the 300 MW Botolan wind project in Zambales and the fast-advancing Solar Valley Phase 1 in Isabela. With utility-scale wind, solar, and hybrid systems under development, and ambitions to expand into a third Southeast Asian market, Alba is on track to become a leading IPP by 2028. Brookfield’s acquisition strengthens this trajectory, unlocking capital, expertise, and regional connectivity.

This acquisition provides Brookfield with a powerful foothold to influence how clean energy infrastructure scales across the region. The Botolan wind project alone—with its targeted $600 million project cost and 25-year development rights—stands as a testament to the long-term renewable opportunities in the Philippines. Similarly, Solar Valley Phase 1’s expansion and its 20-year GEAP tariff arrangement highlight the growing stability and bankability of Southeast Asian clean-energy projects. Brookfield’s Catalytic Transition Fund, backed by $1 billion from ALTERRA, is the engine behind this investment, ensuring that transformational climate-aligned capital flows to markets where it can create the greatest impact.

As Asia’s energy transition accelerates, Brookfield’s bold expansion signals a new chapter for investors, developers, and policymakers committed to a decarbonised future.

Want to stay updated on the latest renewable energy deals and strategies shaping the future of power?
Explore our latest insights, project updates, and more at Enerdatics.
Don’t forget to subscribe to our newsletter for real-time updates.