Stephenson Harwood LLP has advised BECIS Group on securing a US$50 million loan facility from FMO, the Dutch entrepreneurial development bank, and British International Investment, the UK's development finance institution and impact investor.
BECIS is a leading Energy-as-a-Service provider, offering services including rooftop solar, bio-energy, and energy efficiency solutions to businesses and communities across Asia. BECIS uses advanced technology and strategic partnerships to optimise energy consumption, increase renewable energy adoption, and enhance operational efficiency.
BECIS will use the funds to expand its energy solutions provision throughout Vietnam, the Philippines, Indonesia, Thailand, Malaysia, and India. With a target of reaching a portfolio of 346MW by 2025, BECIS anticipates averting 319,000 tons of CO2 emissions annually, creating a transformative shift in the energy landscape across the region.
The matter demonstrates Stephenson Harwood's experience in the renewable energy space, which is also aligned with one of the firm's areas of focus, decarbonisation.
The team was led by Singapore-based partner Dr. Gregory Xu, who was supported by associate Kenneth Kwok.
