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Saturday, April 27, 2024

BGRIM sets B5-7bn aside for projects in Europe

The Dau Tieng solar farm in Vietnam, operated by a subsidiary of B.Grimm Power.

B.Grimm Power Plc (BGRIM), an energy developer with the largest capacity in the small power producer segment, is planning to spend 5-7 billion baht developing more renewable power generation facilities in Europe this year after acquiring two energy assets in Poland and Italy.

The company aims to build power plants with a combined electricity generation capacity of 100-150 megawatts, said Siriwong Borvornboonrutai, BGRIM’s executive vice-president for finance and accounting.

In February, BGRIM announced it bought a 100% share in RES Company Sicilia, an Italian renewable energy developer and operator.

RES Company Sicilia is conducting a feasibility…

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