BII and Idemitsu partner with Skye Renewables to accelerate decarbonisation in South-East Asia - Seite 2

Kara Owen, British High Commissioner to Singapore, said: "The UK and Singapore committed under the UK-Singapore Strategic Partnership and Green Economy Framework to deepen our government and private sector collaboration in the South-East Asian region so that we can effectively support sustainable infrastructure and investment. This is vital to ensure we're working together as closely as we can, to support regional climate, green economy, and energy transition goals. 

BII is a unique and valuable part of the UK's development and investment partnership toolkit, and I'm delighted to see their progress since opening their Indo-Pacific office in Singapore nearly 18 months ago. 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. It will unlock clean energy, create green jobs, and bring the closer collaboration and investment in the region's sustainable development that the UK wants to see."

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. Our goal is to boost climate finance in the region and so we look forward to supporting more greenfield renewable energy capacity and local governments' efforts on decarbonisation."

Hiroshi Yoshida, General Manager of Power & Renewables Business Department at IKC, commented: "We formed a partnership with Skye in 2022 and have made significant progress in the C&I rooftop solar space in South-East Asia. Now, with the addition of BII as a new partner to Skye, who has a proven track record of success in the global renewable energy sector, we believe it will create great synergy among us. By leveraging the strengths of each company, we aim to further grow Skye as a renewable energy platform in South-East Asia and contribute to a decarbonised society."