In a statement, ACCIONA Energia, which is now the largest individual shareholder at The Blue Circle, said it has also committed up to $113.5m to the finance capex of projects that already reached read-to-build status.
The investment expands ACCIONA Energia’s projects portfolio and geographic diversification, and supports its target to reach 20 gigawatts (GW) of installed capacity by 2025. Its operational project portfolio is at 11.2GW across 16 countries.
The Blue Circle’s portfolio includes 84megawatts of installed operational capacity in Vietnam wherein it will still hold a 50% voting stake, and around 1.4GW projects at the advanced stage of development. Its pipeline under development in Vietnam, Thailand, the Philippines, Cambodia, Indonesia, Laos and Sri Lanka stands at 3.8GW.