B.Grimm and Siam Piwat Group have forged a multi-dimensional strategic partnership to install solar rooftop panels at Siam Paragon, driving a clean-energy future.
B.Grimm signed a memorandum of understanding with Siam Piwat to expand their strategic partnership across several areas, including a transition to renewable energy with the installation of a solar rooftop at Siam Paragon, the application of digital technology to enhance energy efficiency, collaboration on biodiversity conservation, knowledge exchange to promote holistic wellness, and supporting arts and culture initiatives.
Harald Link, chairman of B.Grimm, said the company remains dedicated to advancing Thailand’s progress in healthcare and infrastructure. As a leader in renewable and clean energy technology as well as efficient energy management, he said B.Grimm is delighted to support Siam Piwat’s properties.
This partnership reflects B.Grimm’s philosophy of “doing business with compassion in harmony with nature” in pursuit of long-term business development goals and creating future innovations to meet the needs of society in the digital age.
This ethos is reflected in the partnership’s wide-ranging scope, which includes creating positive impacts on biodiversity and ecosystem integrity, exchanging knowledge and developing projects integrating Bhutan’s concept of gross national happiness, promoting holistic healthcare and fostering classical music education through the Royal Bangkok Symphony Orchestra, Southeast Asia’s premier orchestra.
This resonates with Siam Piwat’s business vision, which aims to create benefits for the general public and enhance the quality of life for Thais alongside environmental conservation and restoration.
Chadatip Chutrakul, chief executive of Siam Piwat Group, said this partnership with B.Grimm marks another significant collaboration between two leading organisations to establish a new benchmark for sustainable destinations in Thailand by integrating innovation and clean energy management for efficiency optimisation.
Siam Piwat prioritises the transition to renewable energy and has set a goal to achieve net-zero Scope 1 and 2 greenhouse gas emissions by 2050.
The company has already installed solar rooftops to generate electricity for use at some of its malls.
She said the partnership reflects a shared vision between B.Grimm and Siam Piwat as leaders in the energy and global retail sectors with deep commitment to establishing a new sustainability benchmark for Thai businesses in alignment with international standards and cultivating a business ecosystem driven by environmental, social and governance considerations.
Siam Paragon signed a power purchase agreement with B.Grimm Power Smart Solution Co, a subsidiary of B.Grimm Power Plc, to develop a solar rooftop project on its building.
Covering an area of more than 4,600 square metres with a total installed capacity of 793 kilowatt-peak, the project is expected to reduce greenhouse gas emissions by some 532 tonnes per year.
The solar rooftop will supply power to Paragon Hall, a world-class convention and exhibition centre, and a section of a new zone within Siam Paragon scheduled to open in late 2025, which is set to become a key landmark and a model sustainability platform in Bangkok.
Building on the success of the solar rooftop installation at Iconsiam, this project will increase the proportion of clean energy usage, in line with Siam Piwat Group’s goal to complete its transition to 100% renewable energy across its malls by 2030.
Siam Piwat’s commitment to sustainability is integrated across its entire portfolio, including Siam Paragon, Siam Center, Siam Discovery, Iconsiam, ICS and Siam Premium Outlets Bangkok, which are designed not only as global destinations but also as venues that connect people, society and the environment to drive positive change.
The company remains dedicated to creating a positive impact for all stakeholders across its value chain, guided by its core business strategy of creating shared value.