ACEN seals deal with US-based firm for renewable energy projects

It is BrightNight LLC’s second massive-scale renewable energy deal in APAC.

Philippine-based energy platform ACEN Corporation has secured a partnership with US-based renewable power company BrightNight LLC, through subsidiary BrightNight APAC B.V., for the development of a local renewable energy platform.

Under the proposed tie-up, both companies aim to invest in the development, construction and eventual operation of utility-scale renewable energy projects in the Philippines.

The deal will be the second GW-scale renewable energy platform partnership between ACEN and BrightNight in the APAC region, with the first being the deployment of $250m equity for BrightNight’s expansive 1.2 GW power portfolio in India.

“This partnership in the Philippines, once completed, will be the second GW-scale renewable energy platform investment partnership between ACEN and BrightNight in APAC (Asia-Pacific),” ACEN shared in a statement.

ALSO READ: Indian renewable energy capacity to increase170 GW by March 2025: report

BrightNight LLC is the first global renewable integrated power company specialising in “clean, dispatchable renewable power solutions” as a utility for commercial and industrial clients.

Through BrightNight APAC, the company collaborates with customers over the U.S. and Asia Pacific for the planning, development, and supervision of safe, reliable, optimized, large-scale renewable power projects under a controlled production of renewable energy.

Currently, it holds a portfolio of 2.7 GWac in the Philippines (with over 1GWac in development), India, Australia, and Bangladesh.

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