BrightNight has partnered with ACEN Corporation, the renewable energy arm of the Filipino conglomerate Ayala Corporation to establish, build, and operate large-scale hybrid wind-solar and round-the-clock renewable energy projects in India. ACEN intends to invest $250 million in equity and related performance guarantees to support BrightNight’s current portfolio and future growth.
The hybrid projects will operate round the clock and will focus on meeting specific load or generation pattern requirements of high-quality utility off-takers as well as large corporate and industrial customers.
BrightNight plans to establish a global portfolio of 23 GW in the United States and Asia Pacific which includes India, Australia, the Philippines, and Bangladesh.
