AC Energy, Inc. through its subsidiary AC Energy International Holdings Pte. Ltd. has acquired ~25% ownership of The Blue Circle Pte. Ltd. (“TBC”), as well as co-Investment rights in TBC projects. AC Energy and TBC will jointly develop, construct, own and operate TBC’s pipeline of around 1,500 MW of wind projects across Southeast Asia, including ~700 MW in Vietnam. TBC developed and constructed one of the first wind farms in Vietnam.
TBC focuses on developing and investing in utility-scale wind projects in Southeast Asia with pipelines in Vietnam, Indonesia, Thailand and Cambodia among others. It was founded in 2013 and has a management team with 79 years of combined renewable energy experience.
The Blue Circle is the leading developer of wind energy projects in Southeast Asia with offices in Ho Chi Minh City, Bangkok, and Phnom Penh.
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