BE C&I Solutions Holding (BECIS) has on Monday 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.

BECIS said in a statement that 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 energy-as-a-service (EaaS) platform as the trusted partner for large multinational corporations with sustainability and decarbonization goals.

With a robust funding plan in place, BECIS said it 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 two years.

“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,” said Eren Ergin, Chief Executive Officer of BECIS.

Operating 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.

With the EaaS model, BECIS develops, constructs, operates and owns distributed energy solutions.

“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,” said Ludger Middendorp, Manager, Private Equity at FMO.

Pål Helgesen, Investment Director of Norfund, said 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,” he said.

Richard Collenette, Chief Executive Officer of Pula Investments, said Pula Investments is pleased to announce its continued support of BECIS and the common goal of global decarbonization and ensuring a sustainable future.

Steffen Grosse, Chief Executive Officer of Siemens Financial Services Equity, said Siemens Financial Services is proud to increase its investment in BECIS, reinforcing its 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,” he added.

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