Under the partnership, both Annex Power and The Blue Circle agree to commit resources to develop wind energy projects in Thailand.
By focusing primarily on small projects, the partnership intends to unlock potential sites all over Thailand and to implement state-of-the-art technologies to assess and harvest the low wind speeds found 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.
Daniel Gaefke, Managing Director of Annex Power,stated:
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.
Olivier Duguet, Chief Executive Officer for The Blue Circle, stated:
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.
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 expertise.
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.