#Singapore #BECIS #Bioenergy #Solar

BECIS Secures $53 Million in New Equity Financing

Recent Equity Financing Announcement
Singapore-based BE C&I Solutions Holding Pte. Ltd. (BECIS) has recently secured a significant investment of $53 million from its existing shareholders, which include notable names like FMO, KLP Norfund Investments, Pula Investments (represented by Berkeley Energy), and Siemens Financial Services. This funding comes as part of BECIS’s strategy to expand its footprint and enhance its offerings in the rapidly growing sectors of Solar and Bioenergy, alongside a diversified portfolio of New Solutions, especially focusing on Cooling and Heating services.

Strategic Objectives and Market Reach

Operating in eight strategic markets, namely India, Thailand, Indonesia, Vietnam, the Philippines, Malaysia, China, and Cambodia, BECIS has established itself as a key player in decarbonization solutions. The company aims to position itself even more prominently in the energy-as-a-service (EaaS) arena. The latest round of financing, coupled with recent debt acquisitions, is expected to bolster BECIS's growth trajectory significantly, allowing it to enhance its EaaS platform tailored for multinational corporations focused on sustainability objectives.

BECIS has set ambitious targets for the upcoming years, aspiring to build a portfolio of over 600 MWp of Solar and 400 TPH of Bioenergy assets. Additionally, the firm aims to witness considerable growth in its New Solutions portfolio over the next two years, emphasizing the necessity of transitioning to renewable energy sources globally.

Shareholders’ Support and Vision for the Future

Key figures behind the investment express strong confidence in the long-term vision of BECIS. Ludger Middendorp, Manager - Private Equity at FMO, indicated that their support reflects a commitment to sustainable development, aligning with the United Nations’ Sustainable Development Goals. Pål Helgesen, Investment Director of Norfund, affirmed the excitement regarding BECIS’s mission to promote sustainable growth in the Asia region. Moreover, Siemens Financial Services is keen on reinforcing its investment in BECIS to promote resilient and sustainable energy solutions.

Eren Ergin, CEO of BECIS, expressed gratitude for the ongoing support from shareholders. He indicated that this equity infusion, alongside successful debt raising efforts, would empower the firm to innovate further and promote the adoption of sustainable energy solutions, which is more crucial now than ever in mitigating climate change impacts.

Importance of Decarbonization and Sustainable Growth

The investments in BECIS reflect a larger global trend towards prioritizing sustainability. As economies worldwide shift from traditional centralized energy systems to decentralized approaches, businesses like BECIS are well-positioned to lead this transformation. By enabling clients to harness renewable energy sources, BECIS contributes significantly to job creation and sustainable economic development. This further solidifies their role as an essential player in advancing clean energy solutions across Asia and beyond.

In conclusion, the recent $53 million equity financing marks an important milestone for BECIS as they continue their mission to create a cleaner, sustainable future. With the backing of robust partners and a strategic growth plan, BECIS is poised to make significant strides in the fields of Solar and Bioenergy, ultimately achieving substantial impact in achieving global decarbonization goals.