B.Grimm Power Public Company Limited (SET: BGRIM) has achieved another significant milestone in its expansion into Malaysia’s renewable energy sector.
Following its strategic acquisition of a 45% stake in reNIKOLA Holdings Sdn Bhd, a fully integrated renewable energy producer, BGRIM has announced that reNIKOLA has won the rights to develop a large-scale solar project with a capacity of 618 MWp (megawatt peak) under Malaysia’s Large Scale Solar 5+ (LSS 5+) initiative—one of the flagship projects under the government’s National Energy Transition Roadmap (NETR).
This accomplishment firmly positions reNIKOLA and BGRIM as leaders in driving Malaysia’s transition to renewable energy.
Dr. Harald Link, President of BGRIM and a major strategic shareholder in reNIKOLA, stated that winning the rights to develop this major Malaysian government project is a proud achievement for reNIKOLA and a critical step for BGRIM’s growth strategy, which focuses on collaboration with high-potential partners to sustainably advance clean energy across the region. BGRIM is proud to support Malaysia’s journey towards a low-carbon economy. Not only will this project strengthen Malaysia’s energy security, but it also underscores the company’s vision to become a leader in renewable energy throughout Southeast Asia.
The 618 MWp (400 MW PPA) solar initiative consists of two key projects in Kemaman, Terengganu:
Project 1: 386 MWp or 250 MW PPA (Exported Capacity)—developed by the reNIKOLA group, RE Chenderong Sdn Bhd (formerly RE Gebeng BKH Sdn Bhd), and Anglo-Eastern Plantations Management Sdn Bhd.
Project 2: 232 MWp or 150 MW PPA (Exported Capacity)—developed by Antara Hijauan Sdn Bhd, a wholly-owned reNIKOLA subsidiary, in partnership with Anglo-Eastern.
Both projects are scheduled to be completed and commence operations in November 2027. For the subsequent 21 years, the clean energy generated will be supplied directly to Malaysia’s national grid. The direct investment is expected to exceed RM 1.3 billion, generating hundreds of new jobs and positioning Terengganu as a new “Green Economy Hub” for Malaysia.
Boumhidi Adel, Managing Director of reNIKOLA Holdings Sdn Bhd, added that securing the rights to develop these projects is not just a testament to reNIKOLA’s success—it is also a powerful driver of Terengganu’s green economy. It demonstrates that clean energy, economic development, and environmental stewardship can grow together to create a truly sustainable future.
In a move to foster synergies between renewable energy and biodiversity, reNIKOLA and BGRIM have also established the Elephant Sanctuary Foundation as part of the 618 MWp solar project.
The Foundation seeks to protect endangered wildlife and promote ecological balance by developing an “Elephant Food Corridor” featuring napier grass, bamboo, and banana plantations as sustainable food sources and safe migration pathways for wild elephants.
The initiative aims to reduce human-elephant conflict, raise conservation awareness, and increase community engagement, endeavoring to serve as a model for how renewable energy projects can harmoniously coexist with nature.
Establishing the Elephant Sanctuary Foundation alongside the 618 MWp solar development embodies BGRIM’s mission to generate ‘energy for the world with compassion’—driving both energy transition and sustainability in tandem, emphasized Dr. Harald Link.
As of now, BGRIM has a total operational capacity of 4,155 MW, with an ambitious target of reaching 10,000 MW by 2030. The 618 MWp LSS 5+ Solar Project is a joint development between reNIKOLA (under BGRIM’s majority strategic ownership) and Anglo-Eastern, a subsidiary of London-listed Anglo-Eastern Plantations Plc.
This partnership reflects rising commitment among agribusinesses to renewable energy, responsible land use, and climate solutions, highlighting how legacy industries and new renewable developers can jointly accelerate Malaysia’s energy transition.
