B.Grimm Power Plc (BGRIM), an energy developer with the largest capacity in the small power producer segment, has bought the Italian renewable energy developer and operator RES Company Sicilia.
BGRIM acquired a 100% share in RES Company Sicilia for €10 billion, said Harald Link, president of BGRIM.
The asset acquisition is aimed at developing BGRIM’s power generation from renewable resources in Italy.
RES Company Sicilia is conducting a feasibility study on a solar farm project with electricity generation capacity of 100-200 megawatts and is searching for new business opportunities in Spain, Greece and Poland.
BGRIM has…
