BrightNight, ACEN ink $250 mn pact for India renewables buildout

Renewable power producer BrightNight on Monday announced its partnership with ACEN Corporation and plan to deploy USD 250 million equity for the development and operation of BrightNight's 1.2 GW renewable energy portfolio.

BrightNight and ACEN will partner to develop and build differentiated hybrid wind-solar projects, with a calibrated use of energy storage, that operate around the clock, with a focus to serve the specific demand from high credit rated central and state utilities as well as commercial and industrial offtakers, a statement said.

"BrightNight, the next generation and global renewable power producer built to deliver clean and dispatchable solutions, today announced that it has formed a partnership with ACEN Corporation, through ACEN Renewables International Pte Ltd and ACEN International, Inc. (collectively, ACEN), to accelerate the development, construction, and operation of BrightNight's initial 1.2 GW, multi-technology renewable power portfolio in India," it ...