Why did bgrim invest in nakwol wind & Hanbit wind?

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. "This move reflects B.Grimm Power's ongoing commitment to collaborative growth in South Korea's renewable energy sector.

Did bgrim invest in two offshore wind power plants?

BGRIM has invested in two offshore wind power plants with total installed capacity of 740 megawatts by acquiring shares of two companies.

Who owns 365 MW off-shore wind farm nakwol 1?

Dr. Harald Link (3rd from left), President of B.Grimm Power Public Company Limited, and Mr. Lee, Seung Woo (4th from left), President and CEO of Korea Southern Power (KOSPO), along with Dr. Seo, Seong Jae (right), Vice President of Renewable Business, are seen here awarding a 20-year REC Agreement to the 365 MW Off-Shore Wind Farm Nakwol 1 Project.

Why did bgrim invest in South Korean wind energy?

Harald Link, president of BGRIM, said the investment in South Korean wind energy, at a total of 1,031MW so far, aligns with the company's sustainable and renewable energy principles in Asia, supporting its drive towards achieving net-zero carbon emissions by 2050.

Does bgrim own Hanbit Wind Power Co (Hanbit wind)?

BGRIM has also invested $25.2 million in Hanbit Wind Power Co (Hanbit Wind), acquiring 49% of the company's issued shares. Hanbit Wind is responsible for the ownership and development of the Yeonggwang Hanbit offshore wind power generation project with an installed capacity of roughly 375MW.

How much does nakwol wind cost?

Nakwol Wind has signed a long-term Renewable Energy Certificate (REC) Sale and Purchase Agreement with Korea Southern Power Co Ltd (KOSPO) at a fixed price of KRW 307.144 (USD 0.234/EUR 0.214) per kWh for a period of 20 years from the project’s commissioning.