British International Investment (BII) and Idemitsu Kosan (IKC) have jointly invested in Skye Renewables Energy Pte Ltd., a South East Asia-focused renewable energy platform. Skye, established in 2022, develops solar projects for commercial and industrial (C&I) customers in the region. This investment aims to support the region’s sustainability goals by scaling up Skye’s solar capacity to over 300 MW in the coming years. Governments in South East Asia have introduced supportive policies to accelerate clean energy deployment in the C&I sectors. These efforts are anticipated to annually prevent 270,000 tons of CO2 emissions, equivalent to the electricity usage of over 47,000 homes.
Skye Renewables gets funding for solar projects
Skye Renewables secures funding for solar projects in Southeast Asia. (Image Credit: British International Investment).
The project will provide renewable energy to 600 residential subscribers, including low- and moderate-income households, at reduced rates. (Image Source: Chaberton Energy)
India, China, and Indonesia will lead APAC’s 57 GW dc floating solar capacity, achieving 31 GW (DC) combined by 2033. (Image Source: SOLARbytes)
EOS Capital Advisors advised Balanced Rock Power in selling its 25 MW solar project to Standard Solar. (Image Source: Standard Solar)
China Energy Engineering Corporation taps Huasun’s high-efficiency HJT solar modules for its 2024 projects. (Image Source: Huasun)