B.Grimm Power Public Company LimitedBGRIM
▲ PositiveCapitalSupplyrelevance
Krungsri maintains Buy and 23 baht target, raising Data Center capacity target to 500 MW by 2030, boosting investment confidence.
Impact on assets 1
Energy Transition & Power Demand
B.Grimm Power Public Company LimitedTheme Impact 2
Off-coverage companies 1
Krungsri Securities Public Company Limitedi
Private± Mixedrelevance
Krungsri Securities is the analyst issuing the Buy rating and target, not a subject of fundamental impact.
Related news
Egypt
Norway▲
Scatec Begins 900 MW Shadwan Egypt Wind Project With EDF
Scatec has started construction on the 900 MW Shadwan onshore wind project in Egypt alongside EDF, backed by a US$150 million equity bridge loan package. The news lifted Scatec shares 5.53% in a single day to NOK104.0, contributing to a 90 day share price gain of 9.36%, though the year to date share price return remains down 3.61% and the 1 year total shareholder return is slightly negative. The most followed analyst narrative puts Scatec's fair value at NOK129.89, roughly 20% above the last close, while the SWS DCF model estimates a future cash flow value of NOK10.05, framing the stock as very expensive. Scatec remains heavily dependent on government tenders and project execution, so policy setbacks or construction delays could quickly challenge the undervalued narrative.
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Energy Transition & Power Demand › Wind ▲Capital
Electricite de France (EDF) · Demand · Positive EDF is partnering with Scatec to build the 900 MW Shadwan onshore wind project in Egypt, a concrete project win for EDF
Poland
Italy▲
ERG Signs Five-Year Glencore PPA for 82 MW Polish Wind Portfolio
ERG has signed a new five-year power purchase agreement with Glencore covering its 82 MW Polish wind portfolio. The deal, reported by Simply Wall St, is expected to support more predictable revenue for the renewable energy company and could affect how investors assess the stability of its future earnings. ERG last closed at €22.00, and the stock trades on roughly 41.1x earnings, materially above the Renewable Energy sector average of about 14.9x and the peer group on roughly 21.6x. Over the past three years ERG has returned 11.1%. Community views on the stock are split, with one Narrative putting ERG at 11% undervalued and another seeing it as roughly fairly valued.
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Energy Transition & Power Demand › Wind ▲Demand
GLEN.LSE · Demand · Neutral Glencore is the counterparty buying power under the five-year PPA, but the article frames the deal's benefit around ERG's revenue stability, not Glencore's.
China2
Longyuan Power's September Power Generation Reaches 5.67 Million MWh, Up 7.08% Year-on-Year
Longyuan Power announced on October 9 that its power generation in September 2026 was 5.67 million megawatt-hours, an increase of 7.08% compared with the same period in 2025. Among this, wind power generation rose 3.20% year-on-year, while solar power generation increased 20.21% year-on-year. As of September 30, 2026, the company's cumulative power generation was 56.25 million megawatt-hours, down 0.52% year-on-year, with wind power generation down 4.97% and solar power generation up 19.29%. In the first half of 2026, Longyuan Power achieved revenue of 14.642 billion yuan and net profit attributable to the parent company of 2.393 billion yuan.
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Energy Transition & Power Demand › Wind Supply
0916.HK · Demand · Positive September power generation rose 7.08% YoY, with solar up 20.21%, indicating stronger output and sales of its electricity.
China2
Gansu Energy Chairman Transition Finalized: Xiang Tao Succeeds Lu Jiqing
Gansu Energy announced that Chairman Lu Jiqing resigned from his positions including chairman of the ninth board of directors due to work adjustments, and the board elected Xiang Tao as the new chairman. Xiang Tao was born in November 1971, holds a master's degree, and is a senior engineer. He has served as party secretary and chairman of Gansu Power Investment Changle Power Generation Company, and as deputy chief engineer, party committee member, and deputy general manager of Gansu Electric Power Investment Group. Since September 2022, he has been a director of the company, and currently also serves as deputy party secretary, general manager, and director of Gansu Electric Power Investment Group, as well as party secretary and chairman of the listed company. In the first half of the year, the company achieved operating revenue of 4.17 billion yuan, up 6.08 percent year on year, and net profit attributable to shareholders of the listed company of 840 million yuan, up 1.80 percent year on year. As of the end of June, the company's controlled installed capacity in operation was 9.59004 million kilowatts, including 6 million kilowatts of thermal power, 1.7002 million kilowatts of hydropower, 1.1035 million kilowatts of wind power, 736,000 kilowatts of solar power, and 50,340 kilowatts of integrated wind-solar projects. The company's new energy projects under construction and in reserve mainly include the first and second phases of the Qingyang green power aggregation project, the 100,000-kilowatt photovoltaic project at Heqingtan in Yongchang, the 1 million-kilowatt wind-solar integrated project in Minqin, and the 6 million-kilowatt new energy project at the Tengger Desert base.
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Energy Transition & Power Demand › Wind Talent
United StatesChina▲
Scout Clean Energy Signs Oracle VPPA for Texas Ranchero Wind Farm
Scout Clean Energy has signed a Virtual Power Purchase Agreement with Oracle for the Ranchero Wind Farm in Texas, a deal that forms one key component of Oracle's broader initiative to invest in more than 1.7 gigawatts of renewable energy projects in Texas. The Ranchero Wind Farm, operational since 2019, is Scout's largest renewable energy project, with capacity to power approximately 177,000 homes annually. The partnership supports the reliability and resilience of the Texas energy grid and aligns with Oracle's goal to match 100% of its AI data center energy needs with carbon-free electricity by 2035. In other market moves, Inner Mongolia MengDian HuaNeng Thermal Power rose 8.1% to close at CN¥5.10, while Jiangsu Leadmicro Nano-Equipment Technology fell 11.7% to CN¥89.58. Vistra ended at $166.72, up 3.9%, Tesla closed at $377.81, down 0.8%, and GE Vernova finished at $997.09, down 3.1%.
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Energy Transition & Power Demand › Wind ▲Demand
ORCL · Demand · Positive Oracle signed a VPPA for the Ranchero Wind Farm as part of its initiative to invest in over 1.7 GW of Texas renewables to power its AI data centers with carbon-free electricity.
Scout Clean Energy · Demand · Positive Scout Clean Energy signed a Virtual Power Purchase Agreement with Oracle for its Ranchero Wind Farm in Texas.
Thailand▼6
Energy Regulatory Commission resolves to review SPP and VSPP power purchase agreements after public bears electricity costs above actual cost
The Energy Regulatory Commission, or ERC, has resolved to review power purchase agreements with private power producers in the SPP and VSPP groups, Non-Firm type, under the Adder and FiT schemes, after finding that the purchase rates are higher than the true cost, causing the public to bear electricity costs above actual cost by about 13 to 17 satang per unit. Some solar power purchase projects receive rates as high as 11 baht per unit, while the current cost stands at 2.1579 baht, and many contracts do not specify an expiry date. Mr. Poolpat Leesombatpiboon, Secretary-General of the ERC Office, in his capacity as ERC spokesman, disclosed that the meeting on 7 October 2026 resolved that for cases where contracts have not yet been signed, negotiations should be held to cancel the signing, or the purchase rate should be set in accordance with the resolution of the National Energy Policy Council, or NEPC, dated 15 July 2026, which set the purchase rate for solar power at 2.1579 baht per unit and for wind power at 2.9015 baht per unit, along with a contract termination period of 20 to 25 years. For cases where contracts have already been signed but electricity has not yet been supplied to the system, negotiations should be held to cancel the contracts, or if cancellation is not possible, electricity must be supplied to the system within the specified period, otherwise the contracts must be cancelled. The ERC had previously submitted an opinion to the NEPC two years ago recommending a review of the Adder and FiT power purchase policies that have no contract expiry date, because the costs are much higher than current levels and are inconsistent with Section 65 of the Energy Industry Act B.E. 2550 (2007), but the proposal made no progress until the current government appointed a committee chaired by Deputy Prime Minister Pakorn Nilprapunt, which proceeded until a conclusion was reached. The next step is to propose it to the NEPC for consideration and designation as state policy, and to assign the ERC to continue regulating electricity rates.
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Energy Transition & Power Demand › Solar ▼Regulation
Energy Transition & Power Demand › Wind ▼Regulation