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Home  → News  → Institutions  → B.Grimm Power acquires 40% of a company specializing in solar energy based in the “UAE”

B.Grimm Power acquires 40% of a company specializing in solar energy based in the “UAE”

May 2, 2024

B.Grimm Power Public Company Limited, B.Grimm Power, has acquired a 40% stake in UAE-based solar energy company ThreeEightSix Holdings Ltd.

The investment value is $3.39 million, and this represents an important step in expanding B.Grimm Power’s renewable energy portfolio and entering the rooftop solar panel sector in the promising Middle East region.

The investment comes at a time when Middle Eastern countries are paying increasing attention to developing renewable energy sources. The investment also contributes to strengthening B.Grimm Power’s position as a major player in the field of renewable energy in the Middle East region, and its entry into the solar panel sector on the roofs of buildings, and benefiting from the demand. Increasing demand for clean energy, and supporting the region's ambitious renewable energy goals.

The most important opportunities for the company are the growing demand for clean energy, as there is a growing demand in the region for clean energy solutions. This provides strong growth opportunities for it, and Middle Eastern countries are also paying increasing attention to developing renewable energy sources. Which presents great opportunities for companies working in this field.

On the other hand, there are some challenges that the company must address. By continuing to invest in renewable energy projects, expanding into new markets, and innovating in renewable energy technologies, B.Grimm Power can become a leading player in the field of renewable energy in the region.