B.Grimm, Thailand’s oldest established company with a 147-year legacy of nation building and a multinational conglomerate in energy, efficient energy solutions, healthcare, lifestyle, real estate, and digital, has signed a memorandum of understanding (MOU) with Siam Piwat Group, the leading retail and real estate developer behind world-class destinations in Bangkok such as Siam Paragon, Siam Center, Siam Discovery, and ICONSIAM, to expand their strategic partnership across several key areas, including a transition to renewable energy with the installation of a solar rooftop at Siam Paragon, the application of digital technology to enhance energy efficiency, collaboration on biodiversity conservation, knowledge exchange to promote holistic wellness, and the supporting of arts and culture initiatives.
Dr. Harald Link, Chairman of B.Grimm, stated that with its long standing heritage, B.Grimm remains dedicated to advancing Thailand’s progress in healthcare and infrastructure. As a leader in renewable and clean energy technology, and efficient energy management solutions, B.Grimm is delighted to support Siam Piwat’s properties, which are dedicated to delivering extraordinary experiences and happiness to visitors from around the world.
This partnership reflects B.Grimm’s philosophy of “doing business with compassion in harmony with nature” in pursuit of long-term business development goals and creating future innovations to meet the needs of society in the digital age. This ethos is reflected in the partnership’s wide-ranging scope, which includes creating positive impacts on biodiversity and ecosystem integrity, exchanging knowledge and developing projects integrating Bhutan’s concept of Gross National Happiness (GNH), promoting holistic healthcare, and fostering classical music education through the Royal Bangkok Symphony Orchestra (RBSO), Southeast Asia’s premier orchestra. This resonates with Siam Piwat’s business vision, which aims to create benefits for the general public and enhance the quality of life for Thais alongside environmental conservation and restoration.
Chadatip Chutrakul, Chief Executive Officer of Siam Piwat Group, said, “This partnership with B.Grimm marks another significant collaboration between two leading organizations to establish a new benchmark for sustainable destinations in Thailand by integrating innovation and clean energy management for efficiency optimization. Siam Piwat Group prioritizes the transition to renewable energy and has set a goal to achieve net-zero Scope 1 and 2 greenhouse gas emissions by 2050. To this end, we have already installed solar rooftops to generate electricity for use within our shopping centers. This partnership reflects a shared vision between B.Grimm and Siam Piwat as leaders in the energy and global retail sectors with deep commitment to establishing a new sustainability benchmark for Thai businesses in alignment with international standards and cultivating a truly ESG-driven business ecosystem.”
Siam Paragon has signed a Power Purchase Agreement (PPA) with B.Grimm Power Smart Solution Co., Ltd., a subsidiary of B.Grimm Power Public Company Limited, to develop a solar rooftop project on its building. Covering an area of over 4,600 square meters with a total installed capacity of 793 kilowatt-peak (kWp), the project is expected to reduce greenhouse gas emissions by approximately 532 tons per year. The solar rooftop will supply power to Paragon Hall, a world-class convention and exhibition center, and a section of a new zone within Siam Paragon scheduled to open in late 2025, which is set to become a key landmark and a model sustainability platform in the heart of Bangkok.
Building on the success of the solar rooftop installation at ICONSIAM, this project will increase the proportion of clean energy usage, in line with Siam Piwat Group’s goal to complete its transition to 100% renewable energy across its shopping centers by 2030.
Siam Piwat’s commitment to sustainability is integrated across its entire portfolio, including Siam Paragon, Siam Center, Siam Discovery, ICONSIAM, ICS, and Siam Premium Outlets Bangkok, which are designed not only as global destinations but also as venues that connect people, society, and the environment to drive positive change. The company remains dedicated to creating a positive impact for all stakeholders across its value chain, guided by its core business strategy of creating shared value.
