British International Investment and FMO Jointly Commit $50 Million Loan to BECIS for Sustainable Energy Solutions in Southeast Asia

British International Investment (BII), in collaboration with FMO, announced a joint loan commitment of US$50 million to BECIS, a leading energy-as-a-service (EaaS) provider in Southeast Asia. The financing facility will support BECIS’ expansion and the deployment of its innovative energy solutions across Vietnam, the Philippines, Indonesia, Thailand, Malaysia, and India, addressing the rising demand for clean and affordable energy within these economies.

By 2025, BECIS aims to increase its portfolio to 346MW, resulting in the avoidance of 319,000 tonnes of CO2 emissions annually by offering cleaner and lower-cost electricity to its customers to displace on-grid power.

Jeesun Han, Manager of Energy at FMO, expressed FMO’s continued support for BECIS’s efforts in expanding clean energy generation and efficiency solutions in South and Southeast Asia. He noted BECIS’s valuable contribution to meeting high energy demand in cost-efficient and reliable manners from clean energy sources. Han also highlighted FMO’s role in facilitating BII’s first direct financing into Southeast Asia as part of its commitment to climate action.

The Managing Director and Head of Asia at BII, Srini Nagarajan, highlighted the significance of the investment, marking BII’s first direct debt financing in Southeast Asia. He underscored the role of development finance institutions in supporting the region’s low-carbon transition and praised the collaboration with BECIS and FMO in mitigating climate change and reducing reliance on traditional on-grid electricity sources.

Eren Ergin, CEO of BECIS, expressed gratitude for the trust and confidence shown by BII and FMO, stating that the funding would enable BECIS to expand its operations. Ergin emphasized BECIS’ commitment to helping customers achieve net-zero targets and driving sustainable growth.

BECIS specializes in offering a comprehensive range of energy solutions, including rooftop solar, bioenergy, and energy efficiency services, tailored to meet the diverse needs of businesses and communities across Asia. With a strong commitment to sustainability, BECIS leverages advanced technologies and strategic partnerships to optimize energy consumption, promote renewable energy adoption, enhance operational efficiency, build resilient energy infrastructure, and promote energy literacy within communities.

The partnership between BII and FMO signifies their shared vision for driving sustainable development, innovation, and economic prosperity across Asia. The financing agreement with BECIS demonstrates their commitment to promoting a thriving, sustainable future for the region.

Have you read?
Best CEOs.
Best Companies.
Richest People (Billionaire).
Richest Women (Billionaire).
Richest in Each Country (Billionaire).