Brookfield Asset Management has expanded its global renewable energy footprint by making its first investments in the Philippines, Vietnam, and Thailand.
The company has acquired Alba Renewables, a clean energy developer with a 1.8 GW pipeline comprising wind, solar, and battery energy storage system projects, primarily located in the Philippines and Thailand. Additionally, Brookfield has taken ownership of a 100 MW operational wind project in central Vietnam under a long-term power purchase agreement. These transactions have been executed through the firm’s Catalytic Transition Fund, providing a low-risk entry into Southeast Asia’s rapidly growing power markets with strong policy support and rising electricity demand.