Italy's Solar Symphony: BGRIM's Leading Role in Renewable Energy

27 Oct, 2023

Italy's Solar Symphony: BGRIM's Leading Role in Renewable Energy

BGRIM, a prominent figure in the renewable energy sector, has initiated a groundbreaking project in Italy – the Ortanova project. This endeavor encompasses the development of an 80.9-megawatt ground solar power plant equipped with an advanced tracking system, aligning with the surging global demand for sustainable energy solutions.

Overseeing this ambitious venture is RES Co Sicilia S.r.l., a subsidiary of BGRIM, which achieved complete ownership of LT06 S.r.l. through the acquisition of all its issued shares, surpassing a transaction value of 10,000 euros, according to BGRIM's President, Harald Link.

Link emphasized the company's unwavering commitment to its compassionate global vision. He underscored that this strategic expansion closely adheres to BGRIM's 'GreenLeap-Global and Green' strategy, which aims to foster extensive international and domestic business collaborations.

In addition to the Ortanova project, BGRIM is actively engaged in the development of several renewable power plant projects in Italy, ranging from 250MW to 300MW, currently at various stages of progress. Throughout the present year, BGRIM has made substantial investments in renewable energy power plants through its subsidiaries and joint ventures.

Link also revealed that BGRIM secured a notable contract to generate and supply renewable electricity for the Thai government, totaling 339MW. The company has extended its investments to include solar power plants in Malaysia and South Korea, boasting capacities of 90MW and 99MW, respectively.

Furthermore, Link emphasized BGRIM's unwavering dedication to the construction and advancement of renewable energy power plants across various countries, such as South Korea, Japan, Vietnam, the Philippines, Cambodia, Greece, the United States, Australia, the United Arab Emirates, Saudi Arabia, and Thailand, as reported by the Bangkok Post.

This strategic expansion in Italy aligns seamlessly with BGRIM's overarching goal of elevating its renewable energy share to more than 50%, acting as a robust safeguard against the potential impact of long-term fluctuations in natural gas prices.