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Thai group eyes ASEAN solar plants after first 'green bond'

B. Grimm president looks for opportunities in Malaysia, Cambodia and Philippines

A solar plant in Phetchaburi province, Thailand. B. Grimm looks to complete 16 solar farms in Thailand, along with the company's heavy investment into renewable energy in Vietnam.   © Reuters

BANGKOK -- The power generating arm of Thailand's oldest industrial group, B. Grimm, has issued 5 billion baht ($152 million) in "green bonds" to raise funds for further investment in its renewable energy business.

"We invested a lot in Vietnam, and we are now looking for business opportunities in Malaysia, Laos, Cambodia and the Philippines," said Preeyanart Soontornwata, president of B. Grimm Power.

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