B.Grimm Power (BGRIM) is expanding its renewable energy business through investments in Nakwol Wind and Hanbit Wind, two offshore wind power plants in South Korea which have a combined installed capacity of 740 megawatts. Nakwol Wind is responsible for the Yeonggwang Nakwol offshore wind power generation project, which has an installed capacity of roughly 365MW. BGRIM has also invested $25.2 million in Hanbit Wind Power Co (Hanbit Wind), acquiring 49% of the company's issued shares. Mr Link said BGRIM is gradually expanding its investment in South Korea. As outlined in the Framework Act on low-carbon green growth, South Korea is poised to deploy up to 20GW of offshore wind capacity by 2030.

Source: Bangkok Post March 08, 2024 16:38 UTC