BII and FMO back BECIS with joint US$50 million financing facility supporting commercial and industrial renewables sector in South-East Asia

• The joint financing facility will support the energy-as-a-service provider to grow its rooftop solar portfolio in South and South-East Asia to nearly 350 MW by 2025, which will help avoid 319,000 tonnes of CO2 emissions per year.
• Supported by local government policies, the nascent Commercial and Industrial solar sector is offering cleaner and lower-cost electricity to customers to displace consumption of on-grid power.

SINGAPORE, April 15, 2024 /PRNewswire/ — British International Investment (BII), the UK’s development finance…