27 April 2023

Launch of Berkeley Energy Corporate Solutions

Berkeley Energy Corporate Solutions (“BECS”) has been established by Berkeley Energy with the ambition of becoming the market leading provider of energy and decarbonisation solutions to commercial and industrial (“C&I”) customers in Africa.

BECS works closely with C&I customers to understand their energy needs. It then develops, builds, finances, owns, and operates on-site facilities that provide energy as a service to C&I customers, through long-term contracts to decarbonize their operations and save money. BECS is technology agnostic, offering not only ground-mounted or rooftop solar photovoltaic (“PV”) plants, but also a range of other solutions including battery energy storage, uninterrupted power supply, industrial steam using sustainable biomass, energy efficiency and cooling.

BECS is leveraging Berkeley Energy’s experience of building the leading C&I business in Asia, Berkeley Energy Commercial Industrial Solutions (“BECIS”), which has over 200MW of PV and 50tph of industrial steam in operations. BECIS has so far delivered solutions across 200+ sites in 8 countries in Asia, with a customer base consisting of multinational companies and leading regional and local corporations.

The Africa Renewable Energy Fund II (“AREF II”) managed by Berkeley Energy Limited, is funding BECS initially allocating €50m of equity investment that will enable the business to expand rapidly.

BECS has acquired Azimuth, which has 3.4MWp of solar PV in construction and operations and a pipeline of opportunities that provides a foundation for BECS’s growth.

“Berkeley Energy’s differentiated approach and track record are already well recognised in the C&I market. BECS is well-positioned to build on that and become a market leader in C&I energy solutions in Africa. We very much look forward to working with corporate clients to address their decarbonisation requirements across the continent.” – Luka Buljan, Managing Director, Berkeley Energy