BrightNight has announced partnership with ACEN Corporation, through ACEN Renewables International Private Limited and ACEN International, Incorporation to accelerate the development, construction, and operation of BrightNight’s 1.2 GW hybrid renewable power portfolio in India.
BrightNight and ACEN together seek to develop differentiated hybrid wind-solar projects, with energy storage, that will operate around the clock, to cater to specific demand from high credit rated central and state utility as well as commercial and industrial off-takers. The companies aim to deploy USD 250 million equity plus related performance guarantees through this partnership. ACEN’s investment provides BrightNight with the additional resources to fund its India build-out and long-term growth in a fast-growing market.