Clifford Capital backs bioenergy with US$30M green loan

Clifford Capital and Pentagreen are providing a US$30 million Secured Green Loan Facility on a 50:50 basis to BE C&I Solutions Holding Pte. Ltd. (“BECIS”) to catalyse the construction of distributed sustainable bioenergy projects across Southeast Asia and India. Clifford Capital, as the Structuring Arranger, together with Pentagreen Capital as the Green Loan Coordinator, arranged an innovative dual-tranche structure where Pentagreen’s tranche is subordinated to the commercial tranche provided by Clifford Capital, and has a differentiated repayment profile. In anticipation of future growth, the financing comes with an accordion feature to allow the facility size to be increased to US$50 million. The committed US$30 million has the potential to unlock US$60 million in project value.

The financing has been structured as a Green Loan under BECIS’ Green Loan Framework, which is aligned with the Green Loan Principles 2023, administered by the Asia Pacific Loan Market Association and Loan Syndications and Trading Association.