UK investor, Dutch bank commit $50 million loan facility to C&I renewables developer BECIS


British International Investment (BII), the UK’s development finance institution and impact investor, and FMO, the Dutch entrepreneurial development bank, today announced a joint loan commitment of $50 million to BECIS, an energy-as-a-service (EaaS) provider in South and South-East Asia.

BECIS offers rooftop solar, bio energy and energy efficiency solutions to businesses and communities across Asia. With the EaaS model, it develops, constructs, operates and owns distributed energy solutions. The developer will use the financing to fuel its expansion and support energy solutions portfolio across India, Vietnam, the Philippines, Indonesia, Thailand and Malaysia.

As BECIS brings its portfolio to 346 MW by 2025, it aims to avoid 319,000 tonnes of CO2 emissions per year by offering cleaner and lower-cost electricity to its customers to displace on-grid power.

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