B.GRIM Power, the renewable energy subsidiary of Thai investment company B.GRIM Group, has seen its medium to long-term growth outlook revised upward ahead of the completion of its Korean offshore wind project. If the Nagwol offshore wind farm operates successfully by year-end, B.GRIM Power's diversification of its domestic renewable energy portfolio will become tangible, and its foundation for performance growth as an Asia-Pacific clean energy leader is expected to strengthen further.
On October 30, Thai comprehensive financial investment company Asia Plus Securities forecast that B.GRIM Power's third-quarter net profit this year will reach 79.52 million baht, approximately 3.156 billion won, representing a 17.9 percent increase quarter-on-quarter.
This growth is primarily attributed to normalized profit expected to reach 651.6 million baht, approximately 25.8 billion won, a 36.4 percent increase quarter-on-quarter.
