The Blue Circle gets wind energy underway in Vietnam

The Blue Circle gets wind energy underway in Vietnam

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

Since being awarded an Investment Certificate for 40 Megawatt in July 2016,
The Blue Circle and its Vietnamese Partner TSV have worked on the land
compensation process and the engineering of the site.

The 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.

The site has one of the best wind resources of South Vietnam and has the
potential for a total capacity installed of 70 to 100MW.

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 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 US$ 58 million.

Building on a relationship initiated in 2014, The Blue Circle received
financial support from Armstrong Asset Management's Clean Energy Fund for
the Dam Nai project.

"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" he added.

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.

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Link to Original Article:
http://www.eco-business.com/press-releases/the-blue-circle-gets-wind-energy-
underway-in-vietnam/

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com