BEAM investment platform launched to deploy US$50 million for renewable energy in developing markets

Facebook
Twitter
LinkedIn
Reddit
Email
With around 1.1 billion people living without access to reliable energy, BEAM looks to play a role in providing energy services to assist individuals in the developing world. Image: BBOXX

The BEAM platform, which is expected to help millions in sub-Saharan Africa and Asia gain access to energy, has been launched.

The platform is set to deploy US$50 million in equity for distributed energy service companies (DESCOs) and will unlock further debt capital. The platform was organized by private equity firm Bamboo Capital Partners and next generation utility BBOXX.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

BEAM starts off with a first equity investment in BBOXX and its data-driven DESCOs, providing its off-grid energy to consumers in Africa and Asia, to scale and create greater impact in their respective markets. The platform will also spur further capital through debt, joint ventures and co-investments.

The platform will look to grow off-grid energy service companies spanning solar home systems, large solar, and metering applications such as pumps and mini-grids.

By partnering with BEAM, DESCOs will also be able to benefit from BBOXX’s data-driven smart technology, including Pulse, a cloud-based task management platform.

Jean-Philippe de Schrevel, founder at Bamboo Capital Partners, said: “BEAM will catalyse substantial investment into off-grid energy access initiatives across the developing world. By drawing in and encouraging further capital via joint ventures, debt and co-investments, we have a bold and ambitious vision of providing millions more with access to energy to improve their everyday lives.

“The vision of BEAM is to grow and thereby unlock this multi-billion dollar market. Importantly, alongside a tried and tested strategy, BEAM already has considerable firepower to make investments in the coming year. We will now be executing our strategy so that in the long term we achieve Bamboo’s ultimate objective of delivering social and financial impact.”

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 10, 2024
Dallas, Texas USA
Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Napa, USA