Brookfield Asset Management, a global investment firm managing over $1t in assets, has announced its inaugural investments in renewable energy across the Philippines, Vietnam, and Thailand. The firm has acquired Alba Renewables, a clean energy developer with a portfolio of 1.8 gigawatts (GW) in wind, solar, and battery storage assets, primarily located in the Philippines and Thailand.
The acquisition marks a significant step in Brookfield’s strategy to establish a decarbonisation platform in Southeast Asia, a region increasingly focused on transitioning to sustainable energy sources. The move aligns with global efforts to reduce carbon emissions and combat climate change, positioning Brookfield as a key player in the region’s renewable energy sector.
Finergreen, a financial advisory firm, supported Alba Renewables throughout the acquisition process, facilitating the transition and ensuring a smooth integration into Brookfield’s expanding portfolio.
This strategic investment underscores Brookfield’s commitment to sustainable development and its role in advancing clean energy initiatives in Southeast Asia. The firm’s focus on renewable energy is expected to contribute significantly to the region’s energy transition, promoting economic growth whilst reducing environmental impact. As Brookfield continues to expand its renewable energy investments, further developments in the sector are anticipated, potentially leading to increased energy security and sustainability in the region.
