Singapore’s B.Grimm Power, a Thai energy firm, is set to invest over MYR 4.3 billion (around USD 1.02 billion) in Malaysia’s renewable energy (RE) and power sectors over the next several years, in a move that signals a significant expansion beyond its existing footprint in the country. This investment follows the company’s previous involvement of about MYR 200 million (USD 47.6 million) in Malaysia’s RE sector, including the 2021 acquisition of a 45% stake in reNIKOLA Holdings Sdn Bhd for MYR 367 million (USD 87.4 million). Notably, B.Grimm Power and its Malaysian subsidiary have been actively developing solar power capacity, having secured and developed two solar projects in Kuala Muda (Kedah) and Machang (Kelantan) with a combined capacity of 90 MW and long-term power purchase agreements with Tenaga Nasional Bhd (TNB).
The new investment plan will focus on the development of a large-scale solar plant in Bukit Kayu Hitam, Kedah, targeting 418 MW of solar capacity upon completion, pending final regulatory approvals. Beyond solar initiatives, B.Grimm Power is evaluating opportunities in gas-fired power projects, leveraging its experience as an independent power producer and developer of industrial power plants across Southeast Asia. B.Grimm’s chairman and CEO, Harald Link, highlighted the company’s extensive expertise in scaling up both solar and industrial-sized power projects, citing their successful operations not just in Malaysia but also as the largest supplier of power in ten special economic zones across Thailand, Cambodia, and Vietnam.
In addition to Malaysia’s solar potential, B.Grimm is also looking into alternative renewable sources, including wind power. Despite geographic and climate constraints in Malaysia, Harald Link noted that wind energy is technically feasible, referencing the company’s pioneering role in building South Korea’s first private offshore wind plant and involvement in advanced wind technologies in Europe that reduce operational risks. B.Grimm also continues to innovate in integrating renewable energy with rooftop solar and battery solutions, reflecting an adaptive and forward-looking energy strategy for the Malaysian market.
The company’s wider strategy for Malaysia reiterates both strong bilateral relations and growing demand for clean energy, with B.Grimm’s leadership expressing confidence in Malaysia’s regulatory environment and investment climate for renewables. The focus remains on expanding project capacity and actively contributing to regional energy integration, with Eyes on further opportunities for collaboration as the ASEAN power grid develops. This dual-currency approach to investment highlights B.Grimm’s commitment to promoting sustainability while addressing financial transparency and accessibility for global stakeholders.
(Sources: Business Today, Free Malaysia Today)
