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Philippines' Ayala and Singapore's TBC in 1.5GW wind power play

Tie-up eyes renewable energy assets in Vietnam as incentives expire next year

Power-generating windmill turbines are pictured at a wind park in Bac Lieu province, Vietnam.   © Reuters

MANILA -- Philippine conglomerate Ayala Corp. and Singapore-based energy company The Blue Circle plan to jointly develop 1,500 megawatts of wind power projects across Southeast Asia. 

Ayala on Tuesday said its power unit has acquired a 25% stake and "co-investment" rights in TBC and its projects in Cambodia, Indonesia, Thailand and Vietnam. 

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