Armstrong Asset Management and The Blue Circle to Finance Wind and Solar Projects in Southeast Asia (Asia)

Source: Armstrong Asset Management

Southeast Asia-focused clean energy investor Armstrong Asset Management, in partnership with The Blue Circle, a renewable energy developer operating in the Mekong region (Vietnam, Thailand and Cambodia), has agreed to commit up to US$40 million in equity to fund the construction of wind and solar projects in Southeast Asia. As part of the partnership, Armstrong will receive a minority equity stake in The Blue Circle. Currently, the company has a pipeline of more than 600 MW of renewable energy projects under evaluation or negotiation.