Three Eight Six Holdings LTD, a prominent solar independent power producer (IPP) in the Gulf Cooperation Council (GCC) region, has announced a strategic partnership with B.Grimm Power Public Company Limited. This collaboration aims to accelerate solar energy development across the GCC, focusing on Commercial & Industrial (C&I) projects.
Strategic Partnership and Equity Acquisition
B.Grimm Power, along with Minas Investments LLC and Green Synergy Consulting FZCO, has acquired a 49% equity stake in Three Eight Six Holdings LTD. The company operates subsidiaries in the UAE, Saudi Arabia, and Bahrain. This partnership leverages B.Grimm Power’s extensive expertise in sustainable energy, primarily in Southeast Asia, to jointly develop solar projects in the GCC market.
Ambitious Renewable Energy Goals
Ahmad Al Khayyat, Chairman of Three Eight Six Group, expressed optimism about the partnership: “We want to be the front runner in renewable energy developments in the GCC to make a strongly positive and sustainable impact in the region. With our new partnership, we have a clear ambition to develop and operate 100 MW of C&I solar projects by 2025.”
Dr. Harald Link, President of B.Grimm Power, emphasized the broader vision: “This marks the beginning of a cleaner and greener future for the Middle East, thereby finally putting it on the world map for energy transformation.”
Investment Impact and Market Expansion
This investment highlights the growing appeal of renewable energy in the Middle East. It aligns with GCC countries’ goals to expand renewable capacity and achieve sustainable development. The partnership strengthens Three Eight Six Holdings’ existing portfolio and pipeline across the UAE, Saudi Arabia, and Bahrain.
B.Grimm Power’s entry into the Middle East supports the region’s aggressive investment plans in clean energy infrastructure. The collaboration positions B.Grimm Power as a key contributor to the GCC’s sustainability ambitions and the broader global energy transition.
