BrightNight, a global renewable power producer that provides clean and dispatchable solutions, has partnered with ACEN Corporation to accelerate the development, construction, and operation of its 1.2 GW multi-technology renewable power portfolio in India.
ACEN’s investment of USD 250 million equity plus related performance guarantees will aid in the development of hybrid wind-solar projects with energy storage that operate around the clock to serve high credit-rated central and state utilities, as well as commercial and industrial offtakers.
Across the Asia Pacific, ACEN has established a significant presence in its core market, the Philippines, and Australia, Vietnam, Indonesia, and India with 4,000 MW of attributable renewable capacity. ACEN aspires to be the largest listed renewables platform in Southeast Asia, with a goal of reaching 20 GW in renewables capacity by 2030. ACEN’s investment will provide for an accelerated buildout of BrightNight’s existing development pipeline of 1.2 GW hybrid and around the clock projects in India.
BrightNight’s CEO, Martin Hermann, and ACEN’s International CEO, Patrice Clausse, expressed their excitement over the partnership and their shared vision to deliver dispatchable, reliable, and affordable clean power to India’s fast-growing market, while contributing to the global transition towards a Net Zero economy.
