New Delhi, Oct. 22 -- India is emerging as a frontrunner in renewable energy adoption in South and Southeast Asia, significantly outpacing traditional coal-based generation, according to a report by S&P Global Ratings.

The report highlights India's strong progress in renewable capacity additions, driven by supportive regulatory policies, growing technology adoption, and a favorable funding environment.

In contrast, many countries in the region, including Indonesia, the Philippines, and Vietnam, are at risk of missing their energy transition targets due to challenges such as limited economic and scalable renewable power, weaker grid infrastructure, and reliance on volatile LNG imports.

"A larger scale of execution, bigger hybrid project...