B.Grimm Power Plc (BGRIM) has signed a purchase agreement for renewable energy certificates (RECs) with Air Liquide Thailand.
The agreement's objectives are to drive clean energy in electricity production, reduce carbon dioxide emissions and other greenhouse gases, and build a sustainable renewable energy sourcing model in Thailand.
Air Liquide has committed to a purchase of RECs from BGRIM, representing a significant portion of the former's total electricity usage sourced from renewable energy.
These RECs are generated from renewable sources such as solar, wind, hydro and biomass, and are internationally recognised through the International REC (I-REC) standard.
This enables Air Liquide to supply low carbon industrial air gases (nitrogen, oxygen and argon) to customers who wish to meet their CO2 reduction targets through the reduction of their Scope 3 emissions, and substantially reduces Air Liquide's own Scope 2 emissions.
Michael Lewis, managing director of Air Liquide Thailand, said the purchase of RECs allows Air Liquide Thailand to offer low-carbon solutions to its customers, supporting their climate objectives.
Entering into this agreement with BGRIM is a step forward in supporting the continued development of renewable energy in Thailand, and supports the group's strategy to reach net zero CO2 emissions by 2050, he said.
BGRIM, with the vision "Empowering the world compassionately", is one of Thailand's leading industrial power producers, which is focused on cleaner energy production, said Mr Lewis.
The company's goal is to enlarge the proportion of clean power in its overall energy portfolio, as part of the effort to reduce global warming and take care of the environment in a sustainable way, he said.
BGRIM's current portfolio includes 56 projects in operation, with a goal to ramp up its total installed capacity to at least 7,200 megawatts of secured power purchase agreements by 2025, reaching 10,000MW by 2030.
The company wants to reach net zero carbon emissions by 2050.
