BECIS obtains USD 30m for bioenergy projects in SE Asia, India

Singaporean distributed energy solutions provider BECIS Commercial Industrial Solutions Holding Pte Ltd (BECIS) has secured a loan of USD 30 million (EUR 27.7m) to support the deployment of bioenergy projects across Southeast Asia and India.

The equally split financing was arranged with infrastructure financing platform Clifford Capital and Pentagreen Capital, a Singapore-based debt financing firm established by HSBC and Temasek, the parties announced on Friday.

The joint green loan will be used to finance 14 separate decentralised installations to convert agricultural waste and other sustainably sourced feedstock into renewable steam across Indonesia, Thailand, Cambodia, the Philippines and India. The projects will be located at industrial and manufacturing sites of various industries, such as food and beverage, consumer goods, construction materials and agricultural products.

Once operational, the facilities will help eliminate 114,404 tonnes of carbon dioxide emissions annually.

BECIS is an energy as a service (EaaS) provider that develops, constructs, operates and owns distributed energy solutions. The company specialises in waste heat recovery, biogas and bioenergy, onsite solar solutions, storage and energy analytics, among others. It counts among its clients Danon, for which the firm has worked on bioenergy and solar projects, Continental, Mercedes-Benz, Singapore Airlines Engineering, LG Electronics, Whirlpool and Reckitt

(USD 1 = EUR 0.924)

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