INDUSTRY NEWS

Renewables developer BECIS secures US$50 million for expansion in Southeast Asia

2024-04-17

BECIS plans to expand business and launch energy solutions in five Southeast Asian countries and India. Image: BECIS

Singaporean commercial and industrial (C&I) renewables developer BECIS has secured US$50 million to expand business in Southeast Asia and India.

British International Investment, the UK’s development finance institution, and Dutch entrepreneurial development bank FMO provided the funds for BECIS to expand business and launch energy solutions in Vietnam, the Philippines, Indonesia, Thailand, Malaysia and India. While BECIS did not specify how the money would be invested, the company aims to grow its rooftop solar portfolio to about 350MW of installed capacity by 2025.

(The above content is reproduced from pv-tech,By Simon Yuen)

 

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