Annex & The Blue Circle partner for wind projects

The Blue Circle, the Singapore-based renewable energy developer operating in the Mekong region (Vietnam, Thailand and Cambodia), is entering into a partnership with Annex Power, a leading renewable energy group in Southeast Asia, which is expected to lead to approximately US$200 million of wind project investments in Thailand. Previously Armstrong has announced a partnership with The Blue Circle and has committed to invest in Annex Power solar projects in Thailand.

Announcement 12 July 2014

The Blue Circle, the Singapore-based renewable energy developer operating in the Mekong region (Vietnam, Thailand and Cambodia), is entering into a partnership with Annex Power, a leading renewable energy group in Southeast Asia, which is expected to lead to approximately US$200 million of wind project investments in Thailand.

Annex Power, based in Bangkok, is a preeminent renewable energy Engineering, Procurement and Construction (EPC) and project development company in Thailand. Annex Power has been a pioneer in the large-scale solar sector in Thailand with more than 70 MW installed and commissioned.

The company has also been involved in the wind sector in Thailand for three years, and has installed and monitored wind measuring equipment in various locations throughout the country. Annex Power brings its engineering experience as well as its grid connection and construction experts.

Under the new partnership, both Annex Power and The Blue Circle agree to commit resources to develop wind energy projects in Thailand.

Daniel Gaefke, Managing Director of Annex Power, is keen to participate in the future growth of wind power in Thailand: “Combining The Blue Circle’s wind experience in Europe, North America, South Africa and Australia with Annex Power’s track record in solar, hybrid systems and biogas will create a powerful partnership to successfully develop projects in the country”.

With an installed capacity of 223 MW on 3 different projects, wind power in Thailand is poised for growth in the coming years. “The Blue Circle is proud to partner with such an established group in renewable energy in Thailand as Annex Power and is committed to be a significant player in the wind sector in Thailand. The current situation is similar to France in 2002, just prior to the wind market taking off from installation of 100 MW a year to 1,000 MW,” said Olivier Duguet, Chief Executive Officer for The Blue Circle, former CEO of the largest wind Independent Power Producer in France.

By focusing primarily on small projects, the partnership intends to unlock potential sites all over Thailand and to implement state-of-the-art latest technologies to assess and harvest the low wind speeds found in Thailand.

This partnership is expected to lead to approximately US$200 million of wind project investments in Thailand.

About Annex Power

Annex Power is an experienced and proven renewable energy group focused on Southeast Asia. With over 100 professionnals experienced in the engineering and construction of solar, biogas and wind power plants, Annex has planned, financed, built and operated more than 130 MW of renewable energy projects. Annex utilizes high quality products, components and engineering standards to help generate clean and efficient energy for homes, businesses, governements and utilities in the region. Annex’s philosophy is to offer clients and partners independent solutions that are not only reliable and value-driven, but that also generate the greatest environmental and community impacts.

www.annexpower.com

About The Blue Circle

The Blue Circle is a developer of wind and solar energy projects in Thailand, Vietnam and Cambodia. The Singapore based company looks to bridge the gap in project development in the Mekong Region by bringing international project development experience, financial expertise and capabilities together with local market understanding. Its growth strategy is twofold: through the development of its own projects and through acquisition or partnership with local developers. By being vertically integrated, The Blue Circle can identify greenfield sites, pursue project development milestones up until financing and operating of the generating assets.

Source: www.thebluecircle.sg