Message from Chairman and President

Pioneering Innovation Across the Region

Our pioneering spirit has driven our success from the beginning of our company history. We established a presence in the Socialist Republic of Vietnam in 1999 and later constructed there the largest solar PV farm in Southeast Asia in 2019. In 2021, we achieved a new milestone– the world’s largest hydro-floating solar hybrid project at Sirindhorn Dam, as EPC member under a collaboration of B.Grimm Power and Energy China. Our commitment for innovation extends beyond Thailand, with a significant presence in the Republic of Korea, boasting a growing portfolio of operational solar and wind farms. We have recently secured a participation –in development of the Nakwol 1 & 2 offshore wind farms in the Republic of Korea, totalling a capacity of 740 MW – the largest wind project to be developed by the private sector in the Republic of Korea. These projects mark a significant milestone in our journey towards clean energy leadership. Our dedication expands further with the development of a significant portfolio of solar farms totalling 250-300 MW in the Italian Republic.

Building a Brighter Future, Together

Our dedication goes beyond generating power. We invest in the future by fostering a culture of education, supporting students across a diverse range of fields. This includes providing support for students from kindergarten to universities, equipping them with practical skills for the workforce, nursing schools nurturing the next generation of healthcare professionals, and even the cutting-edge Harbour Space University, preparing students for the challenges and opportunities of the future. This commitment contributes to strong STEM programs across the region.

Investing in a Sustainable Future

Our focus on environmental responsibility is reflected in our achievements:

• Operational Excellence: A 2.5 percent reduction in gas consumption per unit through plant efficiency optimisation, further enhanced by digital twin technology.
• Commitment to Sustainability: Achieving 84 percent recycled waste to total waste generated.
• Investing in the Future: Supporting STEM education for over 10 years, benefiting 178,623 students by the end of 2023.

Global Recognition for Sustainability Leadership

B.Grimm Power’s commitment to sustainability has been recognised by leading sustainability rating agencies and organisations:

• The S&P Global Sustainability Yearbook 2024: Included for the 3rd consecutive year, ranking within the top 10 percent of the Electric Utility industry by S&P Global.
• MSCI ESG Rating: Achieved a rating of BBB.
• SET ESG Rating: Awarded the highest rating of “AAA” by the Stock Exchange of Thailand.
• Thai Private Sector Collective Action Against Corruption (CAC): Certified membership for the 3rd consecutive year, reiterating our commitment to transparency and good governance.
• HR Asia Best Company to Work for in Asia 2023: Recognised for our commitment to employee well-being for the 2nd consecutive year by HR Asia magazine.

Building Bridges and Fostering Excellence

We are honoured that Dr. Harald Link, President of B.Grimm Power, as the first foreign national in 70 years, recently received the prestigious Excellence Award from Korean Sport and Olympic Committee, and Ministry of Culture, Sports & Tourism at the 70th Korea Sports & Olympic Committee Awards Ceremony. This recognition underscores our commitment to supporting the communities where we operate.

A Collaborative Spirit

We are actively fostering cultural exchange, with an exciting collaborative project between the Seoul Philharmonic Orchestra (SPO) and the Royal Bangkok Symphony Orchestra (RBSO) currently in development. With coordination of B.Grimm, SPO and RBSO has formed a cooperation under a memorandum of understanding so that SPO and RBSO would engage in the exchange of cultural programs, artists and encompassing performances and activities to enhance the bilateral relationship between the two countries. In 2023, there are 2 concerts “2023 Seoul Philharmonic Orchestra Park Concert”, the first open air concert post-Covid in the Republic of Korea, and “SPO Happy Concert” held by SPO with support by and cooperation with RBSO under the MOU between RBSO and SPO. This initiative exemplifies our commitment to building bridges and fostering understanding across borders.

Looking Ahead: A Brighter, More Sustainable Future

We are on track to achieve our ambitious target of 10,000 MW capacity from committed projects by 2030. While the 35 MW solar power rooftop project - the largest single solar PV rooftop project in Thailand - signifies a strong development in rooftop solar solutions, securing the rights to develop the monumental Nakwol 1 & 2 offshore wind farms in the Republic of Korea marks a true milestone in our journey towards clean energy leadership. Additionally, our recent acquisition of Amatera Renewable Energy Corporation to develop the 65 MW solar power plant in the Republic of the Philippines and our renewable expansion in Japan further solidify our commitment to clean energy. These endeavours, along with our ongoing projects across the globe, position B.Grimm Power as a frontrunner in the transition to a clean energy future.

Our Commitment to You

As we look ahead, we remain deeply grateful for the commitment and dedication of our employees across the globe. Their passion for a sustainable future, coupled with their expertise and innovation, is what truly drives B.Grimm Power forward. We are humbled by the trust placed in us by our partners, investors, and communities we serve. Together, we are building a brighter tomorrow. We look forward to continuing this collaborative journey towards a clean energy future, fostering progress for generations to come.