Brookfield Commits to Southeast Asia Energy Transition, Secures 1.6 GW Portfolio Through Alba Renewables Deal

Brookfield Asset Management has launched its first renewable energy investments in the Philippines, Vietnam and Thailand, marking a significant step in its plan to build a large-scale decarbonisation platform in Southeast Asia. The announcement was made on 26 November 2025 in New York and Singapore.

As part of the initiative, Brookfield has acquired Alba Renewables, a clean energy developer with a portfolio of 1.6 GW of wind, solar and battery storage projects across the Philippines and Thailand. Alba also brings an experienced development and management team that Brookfield says will help accelerate the platform’s expansion in the region.

In Vietnam, Brookfield has also purchased a 100MW long-term contracted operational wind project. The company said this provides a strategic entry point into Vietnam’s rapidly growing clean-energy market.

Daniel Cheng, Brookfield Asia Pacific Head of Renewable Power & Transition, said the transactions — combined with the firm’s earlier investment in Malaysia — strengthen Brookfield’s ecosystem in Southeast Asia. “By acquiring a seed asset in Vietnam and backing Alba’s expansion across the Philippines, Thailand and beyond, we are catalysing platforms that can deliver reliable, low-carbon energy where it is most needed,” he said.

Alba Renewables CEO Andrew Affleck called the deal a milestone, noting that Brookfield’s involvement enhances Alba’s ability to deliver competitively priced clean energy and scale its operations.

The investments were made through Brookfield’s Catalytic Transition Fund (CTF), which recently also partnered with Solarest in Malaysia to develop more than 1.5 GW of solar and battery storage projects. With US$1 billion of capital from Brookfield’s ALTIPERRA vehicle, CTF aims to mobilise private capital for emerging markets and accelerate the global net-zero transition.