Three Eight Six Holdings LTD, a Solar IPP active in the Gulf Cooperation Council (GCC) area, specializing in Commercial & Industrial (C&I) clients, revealed a crucial strategic alliance with B.Grimm Power Public Company Limited, a prominent entity in the South-East Asian sustainable energy sector, renowned for its global expertise. B.Grimm Power Public Company Limited, Minas Investments LLC, and Green Synergy Consulting FZCO have secured a 49 percent ownership in Three Eight Six Holdings LTD. The latter operates subsidiaries in the UAE, Saudi Arabia, and Bahrain, and is set to harness B.Grimm Power's expertise to collaboratively advance solar initiatives across the GCC. 'Our goal is to lead in renewable energy advancements within the GCC, significantly enhancing the region's sustainability. Through this partnership, we aim to establish and manage 100 MW of C&I solar ventures by 2025,' stated Ahmad Al Khayyat, Chairman of Three Eight Six Group. 'This heralds a new era of environmental sustainability for the Middle East, solidifying its position in global energy transition,' remarked Dr. Harald Link, President of B.Grimm Power Public Company Limited. Investment Highlights: Strategic Expansion and Market Impact - B.Grimm Power's investment in Three Eight Six Holdings LTD underscores the potential and appeal of the Middle East's renewable energy sector, aligning with the GCC's strategic goals of boosting renewable capacity in response to growing demands and sustainable development objectives. This investment will bolster Three Eight Six Holdings LTD's current projects and future prospects across its three jurisdictions. B.Grimm Power's entry into the Middle Eastern market reflects its commitment to the region's high investment rates in renewable energy infrastructure, ensuring its role as a key player in the region's renewable energy landscape, supporting multiple nations in their sustainability initiatives.