Armstrong Asset commits $30m to clean energy

Armstrong Asset Management is committing up to US$30 million (Bt934 million) from its South-East Asia Clean Energy Fund to finance solar photovoltaic (PV) and biogas power projects, developed by Annex Power in Thailand, the Philippines and Indonesia.

Andrew Affleck, managing partner of Armstrong Asset Management, said the opportunity to work with Annex was attractive because of the firm’s track record and its commitment to the development of projects of the type and scale suitable for the fund. He also said it was clear that the Annex team offered “internationally proven engineering and construction capability, which has been field-tested with matched components and robust, reliable operations”.

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Posted August 19, 2013 by repit in News

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