BE C&I Solutions Holding Pte. Ltd. (“BECIS”) is pleased to announce US$53 million in new equity financing from existing shareholders, namely FMO, KLP Norfund Investments, Pula Investments (represented by Berkeley Energy) and Siemens Financial Services.
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Operating across eight strategic markets—India, Thailand, Indonesia, Vietnam, Philippines, Malaysia, China, and Cambodia—BECIS specialises in a variety of decarbonisation solutions, which include Solar, Bioenergy, and a rapidly expanding New Solutions portfolio mainly in Cooling and Heating services. The new equity funding, coupled with recent completion of debt funding rounds, will position BECIS for continued success in its growth strategy, enabling the company to strengthen and expand its premier EaaS platform as the trusted partner for large multinational corporations with sustainability and decarbonisation goals.
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With a robust funding plan in place, BECIS is on track to achieve a target portfolio of more than 600 MWp of Solar and 400 TPH of Bioenergy assets, as well as achieving significant growth in its New Solutions portfolio over the next 2 years.
Ludger Middendorp, Manager – Private Equity at FMO said: “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 centralised to decentralised energy generation and utilisation, BECIS is making a meaningful impact.”
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.”
Richard Collenette, Chief Executive Officer of Pula Investments said: “Pula Investments is pleased to announce its continued support of BECIS and the common goal of global decarbonisation and ensuring a sustainable future.”
Steffen Grosse, Chief Executive Officer of Siemens Financial Services Equity said: “Siemens Financial Services is proud to increase our investment in BECIS, reinforcing our shared commitment to advancing sustainable, resilient energy solutions across Asia. This investment supports our common goal of scaling decarbonisation and delivering critical energy solutions that help industries transition to a low-carbon future.”
Eren Ergin, Chief Executive Officer of BECIS commented: “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.”
About BECIS
BECIS is a leading Energy as a Service (EaaS) provider to high-quality commercial and industrial customers. With the EaaS model, BECIS develops, constructs, operates and owns distributed energy solutions. This reduces the risk and complexity for our customers whilst achieving their key objectives of sustainability, increased cost efficiency and resilience of their energy infrastructure.
