ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Southeast Asia's shift to renewables a blow to Japan's plant builders

Philippines' Ayala vows to become coal-free power provider by 2030

Ayala's energy company runs this coal-fired plant in Batangas province in the Philippines.

MANILA/TOKYO -- Philippine conglomerate Ayala plans to exit coal-fired power generation by the end of the decade, becoming the first major power company in Southeast Asia to quit the fossil fuel.

The move by Ayala's energy unit reflects a broader shift in the region toward renewable energy, whose cost is now on par with that of fossil-fuel power generation. The trend will be a blow to Japanese plant exporters that relied on the region, including Mitsubishi Heavy Industries.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more