Mt. Stonegate at SEMI GCSW 2025: Collaborating for renewable Energy Progress in Asia

Written by: Maurelitya DAYINTA

Verified by: Albert SUTANTO, William DANIEL

Image 1: Mt. Stonegate Team attending Global Climate Summit Workshops 2025

Mt. Stonegate was honored to attend the Global Climate Summit Workshps (GCSW) hosted by SEMI on 19-20 May, 2025 at Sands Convention Center, Singapore. This event brought together industry leaders from across the electronics and semiconductor value chain, with a shared goal of accelerating climate action. Through workshops, panel discussions, and networking sessions, the summit aimed to align stakeholders on key actions to decarbonize supply chains, focusing particularly on energy transition and scope 3 emission inventory.

The event was opened by Mr. Xin Wei Low, Assistant Chief Executive of Singapore's Energy Market Authority (EMA), who emphasized the Net Zero imperative - a critical call for nations and industries to accelerate their transition toward carbon neutrality. He highlighted Singapore's pivotal role as a regional energy innovation hub, noting that the country's commitment to acchieve net zero emissions by 2050 and its ongoing investments in energy efficiency, renewable imports, and low-carbon technology.

Image 2: Global Climate Summit Workshops 2025 by SEMI

Asia Pacific (APAC) Renewable Energy Outlook

One of the key highlights from the workshops was the evolving renewable energy (RE) landscape in the Asia-Pacific (APAC) region. Ali Izadi Najafabadi, Head of APAC BloombergNEF, explained that in 2024, global energy transition investments surpassed USD 2 trillion for the first time, with more than half of that directed to APAC, which driven primarily by China. The costs of wind and solar electricity generation also continue to decline, making it more affordable than operating existing coal or gas plants in countries such as Japan, India, and Thailand. This price shift presents a critical opportunity for energy transition across the region. While demand for clean power procurement is rising particularly in Australia, India, Japan, and South Korea, the challenges remains, especially in terms of regulatory and infrastructure constraints. For instance, corporate PPAs in South Korea remain limited due to slow regulatory alignment, with a major gap between announced and commissioned capacity. Solar and wind additions are projected to increase in 2025, but the supply side, especially in grid readiness and policy clarity still requires further attention.

Image 3: Mt. Stonegate Manager of SE Asia Markets and Global EACs Sourcing, Albert Sutanto

Mt. Stonegate’s Insights: RE Procurement in Key APAC Markets

Albert Sutanto, Mt. Stonegate’s Manager of SE Asia and Global EACs Sourcing has contributed further perspective on Renewable Energy procurement landscape across Singapore, Malaysia, Japan, Taiwan and South Korea markets, where Mt. Stonegate has been actively engaged in enabling clean energy solutions.

In his session, he explained that Japan is showing increased demand for corporate PPAs, but still faces major hurdles in high land costs and long contract terms. In Taiwan, the market is evolving quickly, driven by strong government incentives and maturing market. However, the main challenge is regarding the permitting issues for developing new renewable energy projects, which will affects the project timelines and make it harder for companies to meet the clean energy targets on time. In South Korea, businesses now can participate more actively in clean energy sourcing through K-REC/I-REC, Green Premium and emerging PPAs. But in the other hand, the market remains complicated and only partially liberalized, with KEPCO’s continued monopoly over grid and retail operations, which limit the procurement flexibility and competitive access. In Malaysia, the Corporate Green Power Programme (CGPP) is creating new opportunities for businesses to buy RE through VPPAs. However, the participation is limited to newly developed projects, and excluding other renewable energy sources, except solar. and  Singapore, despite its small market size, is emerging as a strategic hub due to its openness to green energy imports and regional interconnectivity initiatives. These highlights reflect both momentum and challenges in advancing corporate RE sourcing across Asia.

Call to Action: One Grid, One Goal, One Future

Beyond market-specific dynamics, the workshops also highlighted the urgent need for industry-wide action to decarbonize supply chains. This was captured powerfully by Will Hudson, Asia Pacific Sustainability Policy Director at Microsoft, during the “One Goal, One Grid: Unlocking Clean Power Together” session, where he delivered a call to action for collective decarbonization to be specific, be collaborative, and be bold. This call serves as a reminder that while regional efforts are essential, system-wide collaboration, clear policy support, and bold commitments are crucial to driving real impact across the sector.

At Mt. Stonegate, we are committed to supporting organizations in navigating the complexities of renewable energy procurement and accelerating their decarbonization journey. With our expertise across key APAC markets and global sourcing of Energy Attribute Certificates (EACs), we help businesses unlock clean power solutions that align with both corporate sustainability goals and regulatory requirements. Explore how Mt. Stonegate can support your low-carbon future journey!