BrightNight partners with ACEN for India renewables buildout
Global renewable power producer BrightNight on Monday announced that it has formed a partnership with ACEN Corporation, through ACEN renewables International Pte. Ltd. and ACEN International, Inc. (collectively, “ACEN”).
The partnership is aimed to accelerate the development, construction, and operation of BrightNight’s initial 1.2 GW, multi-technology renewable power portfolio in India. It also aims to deploy USD 250 million equity plus related performance guarantees.
“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 utility as well as commercial and industrial offtakers,” stated a press release.
