IDEMITSU


Associated tags: Electricity, DFI, Global warming potential, Policy, IKC, C&I, BII, Foreign direct investment, Idemitsu Kosan, CO2, Government, British International Investment, UN, Renewable energy

BII and Idemitsu partner with Skye Renewables to accelerate decarbonisation in South-East Asia

Retrieved on: 
Tuesday, March 26, 2024
Electricity, DFI, Growth, Partnership, Global warming potential, Policy, IKC, C&I, BII, Foreign direct investment, Idemitsu Kosan, CO2, Government, British International Investment, UN, Renewable energy

This first direct equity investment by them in South-East Asia will support Skye Renewables to scale up renewable energy solutions in an important and growing area of decarbonisation need: the commercial and industrial sector.

Key Points: 
  • This first direct equity investment by them in South-East Asia will support Skye Renewables to scale up renewable energy solutions in an important and growing area of decarbonisation need: the commercial and industrial sector.
  • Srini Nagarajan, Managing Director and Head of Asia at BII, said: "This investment marks the first direct equity investment by BII in South-East Asia since our re-entry to the region in 2022.
  • Skye provides BII the opportunity to work with experienced partners like IKC, to scale up this renewable energy platform that will benefit the region.
  • Ross Coull, Founder of Skye Renewables, commented: "We are absolutely delighted that BII has chosen Skye as their first direct equity investment in South-East Asia.