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The Asian Development Bank has confirmed that it will provide B.
Grimm Power Company with a US$235 million loan to support renewable energy and distributed generation
in Thailand.
As part of the ASEAN Distributed Power Project, Thailand-based B.
Grimm Power is expanding renewable energy and distributed generation capacity in Southeast Asia to include Cambodia, Indonesia, Laos, Myanmar, the Philippines and Vietnam
in addition to Thailand.
B.
Grimm plans to develop renewable energy projects covering large-scale solar, wind, biomass, waste-to-energy, gas-fired power generation, energy storage projects and matching infrastructure construction
.
The Asian Development Bank said B.
Grimm's distributed generation capacity will grow by more than 50 percent to 2.
5 GW by 2022, and its share of renewable energy generation will increase from the current 10 percent to 30 percent
.
B.
Grimm Power, an independent power producer under the B.
Grimm Group, currently has an installed capacity of 1,779 MW, including 13 gas-fired power plants and 15 solar photovoltaic power plants and several hydropower plants
.
In the summer of 2017, the Asian Development Bank paid $62.
5 million to buy part of B.
Grimm's shares
.
The Asian Development Bank has confirmed that it will provide B.
Grimm Power Company with a US$235 million loan to support renewable energy and distributed generation
in Thailand.
As part of the ASEAN Distributed Power Project, Thailand-based B.
Grimm Power is expanding renewable energy and distributed generation capacity in Southeast Asia to include Cambodia, Indonesia, Laos, Myanmar, the Philippines and Vietnam
in addition to Thailand.
B.
Grimm plans to develop renewable energy projects covering large-scale solar, wind, biomass, waste-to-energy, gas-fired power generation, energy storage projects and matching infrastructure construction
.
The Asian Development Bank said B.
Grimm's distributed generation capacity will grow by more than 50 percent to 2.
5 GW by 2022, and its share of renewable energy generation will increase from the current 10 percent to 30 percent
.
B.
Grimm Power, an independent power producer under the B.
Grimm Group, currently has an installed capacity of 1,779 MW, including 13 gas-fired power plants and 15 solar photovoltaic power plants and several hydropower plants
.
In the summer of 2017, the Asian Development Bank paid $62.
5 million to buy part of B.
Grimm's shares
.
