A solar farm joint venture in Malaysia between BGRIM and reNIKOLA Group is projected to come online this year.
B.Grimm Power Plc (BGRIM) reported a leap of 41% in first-quarter revenue thanks to robust electricity sales volume from both existing and new clients, higher tariffs, and growth from renewable energy facilities in Thailand and Laos.
However, Harald Link, BGRIM chairman and president, said net profit attributable to the parent company between January and March declined by 96.2% from the same period last year to 23 million baht.
The lower profit was attributed to the declining performance of industrial power plants weighed down by the sharp rise in natural gas prices amid the Russia-Ukraine war, while the adjustment of…
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