Europe Utilities Rethink Bets in Slow-to-Go-Green Southeast Asia

Southeast Asia’s sputtering green transition is prompting European utilities to rethink their investments in the fast-growing region, a shift that underscores investor frustration with what was until recently a promising renewable-energy market.

Large green-power groups including Portugal’s EDP Renewables SA and Denmark’s Orsted A/S have paused projects or withdrawn from certain countries in the past two years, blaming a lack of long-term policy clarity, and have pushed instead into more advanced Asia-Pacific markets.