The Blue Circle begins construction of 40 MW wind project in Vietnam

The Blue Circle begins construction of 40 MW wind project in Vietnam

Southeast Asian wind energy developer The Blue Circle has started
construction of its Dam Nai project in Ninh Thuan province, Vietnam.

After an extensive selection process, The Blue Circle has chosen Gamesa as
the exclusive supplier for its Dam Nai 40 Megawatt project. The G114-2.625
MW turbine will be the first Gamesa turbine supplied to Vietnam and the
largest wind turbine installed in the country so far.

The Dam Nai project sits along the Highway One and consists of 933 hectares
of agricultural land where a 100 metre meteorological mast had been erected
by The Blue Circle in May 2015. Since being awarded an Investment
Certificate for 40 MW in July 2016, the company and its Vietnamese Partner
TSV have worked on the land compensation process and the engineering of the
site, which has one of the best wind resources of South Vietnam and the
potential for a total capacity installed of 70 to 100 MW.

The turbine supply contract as well as a 10 year maintenance contract has
been signed with Gamesa Wind and the first turbines are expected to arrive
this summer on site. The project construction will take place in phases
during 2017 and 2018 for a total budget of $58 million. Financial support
for the project has been received from Armstrong Asset Management's Clean
Energy Fund.

"The Vietnam wind energy target of 4,000 MW installed by 2025 is ambitious
but with long term financing it can be turned into reality" stated Olivier
Duguet, Chief Executive Officer of The Blue Circle. "Thanks to our
shareholder Armstrong Asset Management's investment, we are building the
first foreign owned wind project in Vietnam and intend to fully participate
in the future growth of what could become the largest market for wind power
in Southeast Asia."

The Blue Circle has a total portfolio of 1,658 MW of projects under
development in 5 countries with offices in Singapore, Bangkok and Ho Chi
Minh City. Dam Nai will become its first operating project.

The company is a developer of renewable energy projects with a focus on wind
power and projects in ASEAN countries. Based in Singapore, it works to
bridge the gap in project development in Southeast Asia by bringing
international project development experience and financial expertise
together with local market understanding.

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Link to Original Article:
http://www.renewableenergymagazine.com/wind/the-blue-circle-begins-construct
ion-of-40-20170302

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com