The Blue Circle opens its new Philippines office
Southeast Asia’s leading wind energy project developer The Blue Circle has inaugurated earlier this month its new office in Makati, Manila, Philippines to accelerate the development of its pipeline in the region. This is another milestone for the company, after years of presence in the Philippines with its partner Cleantech Global Renewables. The opening of the new office will facilitate the coordination of the development of key projects for the company.
“I am very pleased to announce the inauguration of our new office in Manila.” said Olivier Duguet, Chief Executive Officer of The Blue Circle. “We have been developing projects for years in the Philippines, but after some delays incurred due to the global Covid-19 pandemic, we are now opening our own offices and beefing up our local team. By doing so, we confirm our commitment to implement renewable energy solutions in a country that needs to add 92 GW of renewable energy by 2040 including 40 GW of wind power in order to meet 50% share of renewables in its energy mix and replace its coal fired power plants”.
The Blue Circle is already heavily active in the country’s sustainable development with the notable recent announcement of the Wind Energy Service Contract (WESC) signing for the Bulalacao Offshore project (1.2 GW) which coincides with the roadmap being prepared by the Philippines Department of Energy under the assistance of the World Bank Group, who has estimated that the potential of offshore wind power in the Philippines is over 170 GW and has selected Oriental Mindoro as one of the most suitable offshore wind site of the country.
The company also recently received co-financing by the United Nations Environment Program - Seed Capital Assistance Facility (SCAF) of the Kalayaan 2 project (100 MW) under the Support Line 2 scheme in order to also further the development of its onshore wind power pipeline in the region.
About The Blue Circle
Founded in 2013, The Blue Circle identifies, develops, finances, owns and operates renewable energy projects in the Asia-Pacific region. The Blue Circle uses the most advanced technology to build responsible and sustainable projects. With offices in Singapore, Ho Chi Minh City, Bangkok, Phnom Penh and Manila, The Blue Circle is the leading renewable energy company of Southeast Asia. Its team is committed to changing the world one green electron at a time.
For further information, please contact:
The Blue Circle
Amaury Brucker
Tel: +855 842 973
amaury.brucker@thebluecircle.sg