BGRIM maintains 10GW capacity goal

Southeast Asia is a region where the company wants to develop its renewable energy business.Grimm Power Plc (BGRIM), an energy developer with the largest capacity in the small power producer segment, remains firm on its goal to triple electricity generation capacity to 10 gigawatts, half of which will come from renewable energy, by 2030.3GW, generated by gas (75% of fuels) and renewable energy (25%).BGRIM plans to ask for new licences to develop power plants and acquire new power generation assets, with a focus on renewable energy in East and Southeast Asia as well as Europe, said Mr Link.

Last year, the company developed a foothold in the renewable energy business in Poland, part of efforts to boost its long-term renewable energy development.In East Asia, the company is looking for renewable energy businesses with high growth potential, especially in China and Japan where governments are eager to support clean energy development.