Bangkok Post - BGRIM takes 40% stake in ThreeEightSix

PUBLISHED : 3 May 2024 at 07:03

B.Grimm Power Plc (BGRIM) announced an investment of roughly US$3.39 million to acquire a 40% shareholding in ThreeEightSix Holdings Ltd, an independent power producer, aiming to penetrate the clean energy market in the Middle East.

Mr Link says BGRIM’s announcement that it will take a 40% stake in ThreeEightSix is set to mark the start of significant investments by the firm in the Middle East.

This investment focuses on commercial and industrial solar assets located within a region that includes the member states of the Gulf Cooperation Council, with a goal of meeting the growing demand for renewable energy in the region, said Harald Link, president of BGRIM.

The company sees potential in the Middle…

Bangkok Post – BGRIM takes 40% stake in ThreeEightSix

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