BE C&I Solutions Holding (BECIS) announced that it had secured $53 million in new equity financing from its current shareholders, Siemens Financial Services, FMO, KLP Norfund Investments, and Pula Investments (represented by Berkeley Energy).
According to a statement from BECIS, the new equity funding and the recent completion of debt funding rounds will set the company up for future growth success and allow it to further develop its leading energy-as-a-service (EaaS) platform as the go-to partner for big, international companies with decarbonization and sustainability objectives.
BECIS stated that it is on track to reach a target portfolio of over 600 MWp of solar and 400 TPH of bioenergy assets, as well as achieving notable growth in its new solutions portfolio over the next two years, thanks to a strong funding plan in place.
“We are pleased with the new equity commitment from our existing shareholders, which demonstrates the confidence and support the shareholders have in our growth plans,
“The equity funding, in conjunction with our recent debt raising successes, will allow BECIS to further expand our operations and accelerate the adoption of sustainable energy solutions in the region,” said Eren Ergin, Chief Executive Officer of BECIS.
India, Thailand, Indonesia, Vietnam, the Philippines, Malaysia, China, and Cambodia are the eight strategic markets in which BECIS operates. It specializes in a range of decarbonization solutions, including solar and bioenergy, as well as a rapidly growing new solutions portfolio that primarily focuses on cooling and heating services.
BECIS creates, builds, manages, and owns distributed energy solutions using the EaaS model.
“We are pleased to support the continued growth of BECIS, a valued partner since 2019. BECIS’s clean energy infrastructure for high-quality corporate clients, along with its contribution to job creation, aligns strongly with FMO’s mission to advance SDG 8 and SDG 13,
“By enabling its strategic markets to move closer to achieving renewable energy targets and transitioning from centralized to decentralized energy generation and utilization, BECIS is making a meaningful impact,” said Ludger Middendorp, Manager, Private Equity at FMO.
Pål Helgesen, Investment Director of Norfund, said KLP and Norfund are thrilled to support BECIS in their mission to drive sustainable growth in the region.
“By providing climate-friendly services, BECIS empowers their clients to operate more sustainably with clean and reliable renewable energy,” he said.
According to Pula Investments CEO Richard Collenette, the company is happy to declare its ongoing support of BECIS and the shared objective of global decarbonization and guaranteeing a sustainable future.
Siemens Financial Services is pleased to increase its investment in BECIS, reaffirming its shared commitment to promoting resilient, sustainable energy solutions throughout Asia, according to Steffen Grosse, CEO of Siemens Financial Services Equity.
“This investment supports our common goal of scaling decarbonization and delivering critical energy solutions that help industries transition to a low-carbon future,” he added.
