BE C&I Solutions (BECIS) announced it raised $53 million in new equity financing from existing shareholders, namely FMO, KLP Norfund Investments, Pula Investments (represented by Berkeley Energy), and Siemens Financial Services.
Running across eight strategic markets—India, Thailand, Indonesia, Vietnam, Philippines, Malaysia, China, and Cambodia—BECIS specializes in a variety of decarbonization solutions, which include Solar, Bioenergy, and a rapidly expanding New Solutions portfolio mainly in Cooling and Heating services.
The new equity funding and the recent completion of debt funding rounds will position BECIS for continued success in its growth strategy. It will enable the company to strengthen and expand its premier EaaS platform as the trusted partner for large multinational corporations with sustainability and decarbonization goals.
With a 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 and significant growth in its New Solutions portfolio over the next 2 years.
KEY QUOTES:
“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.”
- Ludger Middendorp, Manager – Private Equity at FMO
“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.”
- Pål Helgesen, Investment Director of Norfund
“Pula Investments is pleased to announce its continued support of BECIS and the common goal of global decarbonization and ensuring a sustainable future.”
- Richard Collenette, Chief Executive Officer of Pula Investments
“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 decarbonization and delivering critical energy solutions that help industries transition to a low-carbon future.”
- Steffen Grosse, Chief Executive Officer of Siemens Financial Services Equity
“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.”
- Eren Ergin, Chief Executive Officer of BECIS
