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.
CEN 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.
ACEN’s investment provides BrightNight with the additional resources to fund its India build-out and long-term growth in a fast-growing market. In addition, ACEN has a deep network of suppliers and industry relationships across the renewables value chain in Asia.
BrightNight is developing a global portfolio of 23 GW across the U.S. and Asia Pacific, including India, Australia, the Philippines, and Bangladesh, and is backed by some of the most respected investors in the global energy sector. BrightNight works with its customers globally to design, develop, and operate safe, reliable, large-scale renewable power projects optimized to better manage the intermittent nature of renewable energy. In India, the BrightNight team is led by industry veterans Sajay KV and Naveen Khandelwal, and they are currently developing a 1.2 GW differentiated wind-solar hybrid portfolio. In February 2023, BrightNight announced its first 100 MW co-located, wind-solar hybrid renewable power project in Maharashtra that will deliver clean, high-capacity factor power to C&I customers in this State with a target commissioning date in 1Q 2024.
ACEN is the listed energy platform of the Ayala Group. The company has ~4,000 MW of attributable capacity from owned facilities in the Philippines, Vietnam, Indonesia, India, and Australia, with a renewable share of 98%, which is among the highest in the region.