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Thailand’s B.Grimm backs 740MW South Korean pair

RICHARD HEAP

March 14, 2024

Thai conglomerate B.Grimm Power has bought 49% stakes in two companies developing offshore wind projects totalling 740MW in South Korea.

The company has invested $35.7m to buy 49% of the shares in Nakwol Wind, which is developing the 365MW Yeonggwang Nakwol project, and $25.2m for 49% of the shares in Hanbit Wind Power, which is developing the 375MW Yeonggwang Habit project.

Both projects have secured grid connections from Korea Electric Power Corporation.

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