BrightNight to invest $1 bn on green energy in 5 years

Renewable power producer BrightNight plans to develop 2 giga watt (GW) of renewable energy capacity in India in the next 4-5 years that will require a total investment of $1 billion. The company will deploy $250 million equity capital.

“BrightNight is developing hybrid wind-solar projects with a calibrated use of energy storage that operates round the clock. The $250 million commitment will be deployed in three years,” BrightNight Power India CEO Sajay KV said.