Acciona Energía and Blue Circle win Thailand wind projects

Acciona Energía, together with The Blue Circle, have been awarded a Power Purchase Agreement (PPA) for five wind projects in Thailand totalling 436MW. The projects have been allocated by the Office of Energy Regulatory Commission (ERC) and will have a staged development timeline. The first wind farm is scheduled to commence construction in 2024, with completion of the separate projects staggered from 2026 until 2030.

All energy generated by these projects will be directly purchased by the Electricity Generation Authority of Thailand (EGAT) through a 25-year PPA, as part of the Thai government’s plan to guarantee a supply of renewable energy of up to 30% by 2037. Four of the projects will be located in the Northeast provinces of Ubon Ratchatani and Amnat Charoen, while the fifth one will be built in the region of Chaiyaphum.

Acciona Energía entered a strategic agreement with The Blue Circle to develop, build and operate its pipeline of projects in Southeast Asia in September 2022. The entity — headquartered in Singapore and with Acciona Energía owning a ‘close-to 50% stake’ — already has an installed operational capacity of 84MW in Vietnam and a development pipeline of 3.8GW in Vietnam, Thailand, the Philippines, Cambodia, Indonesia, Malaysia, and Sri Lanka.