Thailand’s energy developer B.Grimm Power Plc (BGRIM) has planned to invest 5-7 billion baht to develop more renewable power generation facilities in Europe.
The company, which has the largest capacity in the small power producer segment, plans this investment for this year.
It followed after the company acquired two energy assets in Poland and Italy.
Siriwong Borvornboonrutai, BGRIM's executive vice-president for finance and accounting, informed that the company plans to build power plants with a combined electricity generation capacity of 100-150 megawatts
According to BGRIM, it bought a 100% share in RES Company Sicilia, an Italian renewable energy developer and operator last month. Sicilia is exploring business opportunities in Spain, Greece and Poland.
Besides, the company has also planned to expand its solar business in Vietnam.
The company stated that the asset acquisitions are part of BGRIM's long-term goal to increase total power capacity to 10 gigawatts within 2030, up from 3.34GW at present, under the firm's "Green Leap" strategy, a local report mentioned.
The company informed that it has planned to invest 70 billion baht to increase its electricity capacity between 2023 and 2030.