Renewable energy firms partner for around US$200m worth Thailand wind energy venture

Amid bullish prospects for wind power there.

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.

According to a joint release from The Blue Circle and Annex Power, with an installed capacity of 223 MW on 3 different projects, wind power in Thailand is poised for growth in the coming years.

The release said that 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, said in the release that he 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”.

Here's more from The Blue Circle and Annex Power:

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.

“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.