BGRIM Expands Its Renewable Energy Portfolio With Acquisition Of RES Company Sicilia

An energy developer with the largest capacity in the small power producer segment, BGRIM has bought Italian RE developers and operators from RES Company Sicilia Srl.

Harald Link, president of BGRIM, said they obtained 100% of shares in RES Company Sicilia for €10,000.

In Italy, they aimed to develop BGRIM’s power generation from renewable resources.

Sicilla is also conducting a feasibility study on a solar farm project with a capacity of generating electricity of 100-200 MW and looking for new business opportunities in Spain, Poland, and Greece.

BGRIM has experienced rapid business growth over the last two years. They also established a relationship with South Korea in December by taking partial stakes in four wind farm projects there.

The company also shows interest in Jodo Wind Power Generation, Shinan-Eoui Wind Power, Cheonsa-Eoui Wind Power, and Goni Gunghung, with a total value of US$4.07 million and a total installed generating capacity of 955 MW.

BGRIM’s aspirations to enter the South Korean energy industry are shown by the partnership investment. In 2021, the company acquired a 49.9% stake in a 75.6 MW wind power facility.

Mr. Link stated earlier that the company’s commitment to sustainable and renewable energy in Asia, which now stands at 1,031 MW, is supported by its investment in South Korean wind energy achieving net-zero carbon emissions by 2050.

B.Grimm Power Korea, a wholly-owned subsidiary of BGRIM, acquired a 49.9% share at par in KOPOS Co in 2021, and development on a 75.6 MW inland wind power project has already commenced.

BGRIM’s goal is to increase its power generation capacity to 10 GW by 2030, up from 3.3 GW at the end of last year, from their investment.

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