Analyst Expects THB400 Million to BGRIM’s Bottom Line after Being Awarded 340MW Green Energy Projects

B.Grimm Power Public Company Limited (SET: BGRIM) has announced that nine subsidiaries and joint venture companies of B.Grimm Power Group have been awarded as renewable energy power producers and suppliers to the Thai Government according to the notification of the Energy Regulatory Commission.

The company stated that the participation in this project is consistent with B.Grimm Power’s GreenLeap-Global and Green Strategy to support rapidly changing energy markets, shifting customers needs by providing reliable, affordable, and sustainable energy to industry to become a leading global energy producer and reach net-zero carbon emissions.

FSS International Investment Advisory stated that these projects could add 400 million baht to BGRIM’s bottom line as the analyst estimated that solar farm will generate EIRR at 11% and wind at 15% and the net profit per MW of one million baht for solar and three million baht for wind.