This study investigates the impact of financialization (FIN) and digital structures on renewable energy (REN) consumption in the ASEAN-5 countries from 1990 to 2022. The study controls for economic growth (ECG) and applies the fixed effects (FE) model based on Hausman test results. The findings reveal that financialization significantly reduces REN consumption, while mobile cellular subscriptions (MCS) also negatively impact the demand for renewable energy. However, internet usage (INT) shows no significant effect on renewable energy adoption. Economic growth is found to further diminish REN consumption. These results highlight the need for policy measures that align financial sector growth and digital infrastructure with renewable energy goals to ensure a sustainable energy transition in the region. The study contributes to both literature and policy on renewable energy integration in developing economies.