Winner Descriptions

Clean Energy Connect, Dai-ichi Life Insurance, and The Toho Bank

This three-way collaboration sets a powerful new standard for corporate climate leadership. Clean Energy Connect, Dai-ichi Life Insurance, and The Toho Bank spearheaded Japan’s first corporate renewable energy model that integrates distributed solar with co-located and behind-the-meter battery storage to achieve high-precision hourly matching. Through this collaboration, the partners raised the renewable consumption matching ratio from the conventional 39% to nearly 90%, overcoming long-standing constraints in Japan’s power system. The model combined CEC’s aggregation platform with corporate demand leadership of Dai-ichi Life and Toho Bank, and will pursue EnergyTag Granular Certificate certification, positioning it among Japan’s first initiatives capable of delivering internationally verified, hourly-matched clean energy claims.

Cushman and Wakefield – Standard Chartered

Cushman & Wakefield and Standard Chartered led a strategic partnership that produced substantial environmental gains across Asia, the bank's most emissions-intensive region. Through a disciplined five-year initiative, Standard Chartered achieved net-zero for Scopes 1 and 2 emissions across Asia while matching 100% of energy with renewable sources. Achievements included green power PPAs in the Philippines, Singapore, and Taiwan; RE100-compliant EAC’s matching over 100 million kWh; and facilitating on-site solar in  Australia, Malaysia, and Sri Lanka. Energy efficiency programs across 750 global sites resulted in a nearly 5% year-on-year global energy reduction. This collaboration set a new benchmark for sustainable real estate management in the financial services sector.

Mylene Capongcol, Department of Energy of the Philippines

The Philippines Department of Energy is leading the country’s rapid and continuous shift to clean and sustainable energy, with various innovative policies and programs to foster development of renewable energy and sustainable energy resources including the recent issuance carbon market policy for the Energy Sector.

Undersecretary Mylene Capongcol, a long-time renewable energy leader in the Department, has been central to advancing and innovating policies, planning, and program design that are reshaping the energy landscape.

She oversees renewable energy and power sector initiatives and has driven key market-based mechanisms such as the Green Energy Option Program (GEOP), the expansion and enhancements of the Renewable Portfolio Standards, and the introduction of the Expanded Rooftop Solar Program, which among others empowers consumers with rooftop solar facilities to help contribute power during power supply shortfalls, as well as to enable emerging peer-to-peer energy trading models. She has also championed innovative policy in developing the Virtual Power Purchase Agreement (VPPA) framework.

Currently, Ms Capongcol is leading the development of a policy framework on Voluntary Renewable Energy Market to will facilitate and define consumers trading of Renewable Energy Certificates (RECs).

She has also brought into forefront the offshore wind development.  As the DOE advances toward its 50% renewable energy target by 2040, her leadership continues to align the country's energy reliability, affordability, and climate goals.

Electricity Generating Authority of Thailand (EGAT)

In early 2025, EGAT pioneered the Utility Green Tariff Platform, a transformative initiative combining regulatory innovation, technological sophistication, and market development to reshape renewable energy access in Thailand. The platform offered transparent, bundled renewable electricity backed by verified certificates aligned with global Scope 2 frameworks, enabling corporate buyers to meet decarbonization goals with integrity. Developed through close collaboration with regulators and international bodies, including the I-TRACK Foundation, this end-to-end solution strengthened green investment signals and established a replicable pathway for clean energy adoption across the ASEAN region.

Equinix

Equinix accelerated renewable energy adoption across Asia through bold investments and partnerships that expanded clean-energy capacity while strengthening regional energy resilience. In Singapore, the company secured over 140 MWp (Megawatt-peak) of solar capacity through three PPAs in just 18 months. It launched a $9 million Clean Energy Innovation Fund–the first in the digital infrastructure sector–supporting research into hydrogen, geothermal, and cross-border low-carbon electricity systems. In Japan, Equinix executed its first renewable PPA, securing 30 MW from the Abira Solar Project in Hokkaido, adding new capacity to one of the world’s most challenging corporate procurement markets and advancing national decarbonization goals.

SEMI Energy Collaborative Initiative

For turning industry influence into policy traction, SEMI has been a remarkable leader in bridging the gap between semiconductor demand and renewable supply. SEMI expanded its renewable energy work in Asia by organizing government / industry dialogues and launching country-focused initiatives to unlock corporate access to clean power. In South Korea, SEMI’s Energy Collaborative convened a high-level meeting with the Ministry of Trade, Industry and Energy and major chipmakers, presenting an analysis projecting a 30–100 TWh low-carbon electricity shortfall by 2030 and proposing policy recommendations. In Malaysia, SEMI co-hosted a roundtable with national energy agencies to identify pathways for diversified renewable procurement. SEMI also published a report calling for stronger green premium additionality, utility green tariff deployment, and innovative PPA models, accelerating industry decarbonization across the semiconductor ecosystem.

Shizen Energy Inc.

Shizen Energy has made history by driving renewable energy adoption across Asia through innovative, scalable solutions. In 2025, the company secured 100 MW of long-term renewable agreements with Microsoft in Japan, setting a new benchmark for corporate virtual PPAs. Shizen also delivered Asia’s first cross-border corporate PPA with Google in Malaysia. The company participated in the UN-led 24/7 Carbon-Free Energy Compact, advancing hourly matched zero-carbon systems. In Vietnam, Shizen achieved Commercial Operation Date for a 40 MW onshore wind project. In Japan, the company introduced vertical solar agrivoltaic solutions through a joint venture with Tokyu [toh-kyoo] Land Corporation, deploying one of the country’s largest vertical solar systems.

WRI China

WRI China’s trailblazing approach demonstrated that collective action can rival the bargaining power of even the largest multinational buyers. WRI China convened buyers including Apple, Decathlon, Lenovo, and PepsiCo, alongside approximately 200 small and medium-sized enterprise suppliers across 14 provinces to pilot an aggregated renewable energy procurement model. Through province-level transactions, the initiative delivered an estimated 1.6 TWh of green power in 2025. A 200 MW offshore solar project in Fujian province, facilitated by WRI through a US$190 million investment aggregating 14 Decathlon suppliers with China General Nuclear Power Group, was commissioned in 2025. WRI played a neutral convening and advisory role, enabling SMEs to overcome confidentiality and bargaining-power barriers by signing standardized renewable energy contracts, creating a scalable model for accelerating supply chain emission reductions across multiple sectors.

About the REM™ Asia Awards

The annual Renewable Energy Markets™ Asia Awards recognize individuals and organizations that are building markets and demonstrating leadership in green power procurement in Asia. Applicants may include organizations using renewable energy, project developers, policy advocates, certificate providers, electricity suppliers, or others influential in developing and growing green power markets. The awards are presented by the NGO Center for Resource Solutions, and chosen by an independent selection committee.

Contact Us

For questions or more information about the REM™ Asia Awards, contact remadmin@resource-solutions.org.