Development finance institution (DFI) British International Investment (BII) and Japanese energy company Idemitsu Kosan (IKC) have jointly invested an undisclosed amount in Skye Renewables Energy Pte Ltd. (Skye), a Southeast Asia-focused renewable energy platform.
This is BII’s first direct equity investment in Southeast Asia since re-entering the region in 2022.
Moreover, BII plans to make investment commitments worth $100 million in Southeast Asia this year, doubling from $50 million in 2023, Rohit Anand, BII’s regional head of Southeast Asia and head of infrastructure equity, told DealStreetAsia.
