In Singapore, BE C&I Solutions Holding Pte. Ltd. (“BECIS”) announced $53 million in new equity financing from existing shareholders, namely FMO, KLP Norfund Investments, Pula Investments (represented by Berkeley Energy) and Siemens Financial Services.
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.
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.
