BECIS Bioenergy receives $30m financing package
Clifford Capital and Pentagreen Capital have jointly financed BECIS Bioenergy with a $30 million green loan for bioenergy projects in Southeast Asia and India. The loan, with an accordion feature potentially raising it to $50 million, will fund 14 installations in Indonesia, Thailand, Cambodia, the Philippines, and India, converting agricultural waste into renewable steam for industrial customers under long-term agreements.
Clifford Capital and Pentagreen Capital have provided joint financing for BECIS Bioenergy (BECIS).
The financing package is structured as a green loan of $30 million and will support the development and construction of bioenergy projects across Southeast Asia and India.
The loan includes an accordion feature, potentially increasing the total financing by an additional $20 million, which could bring the overall project value to $50 million.
The green loan will fund 14 individual bioenergy installations located across Indonesia, Thailand, Cambodia, the Philippines, and India.
These projects will convert agricultural waste and sustainably sourced feedstock into renewable energy in the form of steam.
The steam will be supplied to commercial and industrial customers under long-term offtake agreements, contributing to the region’s energy transition and sustainable development goals.
Source Link : https://www.bioenergy-news.com/news/becis-bioenergy-receives-30m-financing-package/
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