In the ever-evolving arena of renewable power, BrightNight, a next-generation global renewable power producer, has made an exciting announcement. They have formed a groundbreaking partnership with ACEN Corporation ("ACEN"), to further the development, construction, and operation of BrightNight's initial 1.0 GW renewable power portfolio in the Philippines.
This newly formed partnership has ambitious plans to develop and construct 1 GWac of renewable power projects in the Philippines. An estimated capital deployment of US$1.2b is expected over the next 5 years. This partnership is the second of its kind between BrightNight and ACEN, building on the success of their initial venture in India, established in March 2023.
BrightNight, with its advanced Philippines portfolio, experienced local team led by Michael Yamazoe, and differentiated capabilities, is leading the charge in this venture. Its AI-driven design and optimization software platform, PowerAlpha®, is set to revolutionize the construction and operation of large-scale, multi-technology renewable power plants.
ACEN has established a significant presence in the Asia Pacific region, particularly in the Philippines, Australia, Vietnam, Indonesia, and India. With ~4.8 GW of attributable renewable capacity, ACEN aspires to reach 20 GW in renewables capacity by 2030.
BrightNight CEO Martin Hermann has expressed his honor in partnering with ACEN, acknowledging their unparalleled leadership in the Philippines' renewables sector. He praises their proven success in scaling and operating large fleets of renewable assets through strategic partnerships across the region.
ACEN's investment is poised to provide BrightNight with additional resources to fund its Philippines build-out and long-term growth in one of the fastest-growing markets in Asia. ACEN will also provide its strong domestic presence, partnership network, and expertise across the regional energy value chain.
Patrice Clausse, ACEN Group Chief Investment Officer, has expressed a deep value for their relationship with BrightNight. He shares their common goal of building higher capacity, hybridized renewable power solutions that deliver safe, affordable, reliable, and clean power.
BrightNight is developing a global portfolio of 37 GW across the U.S. and Asia Pacific. In APAC, BrightNight has built a team of 70 with a 3 GW portfolio across India & South Asia, Australia, and the Philippines.
In the Philippines, BrightNight is led by industry veteran Michael Yamazoe. With deep experience in the country building and operating renewable projects, he and his team will focus on building out and expanding the current 1.0 GW differentiated solar and storage portfolio.
With ACEN's leadership and investment, BrightNight is establishing a strong and growing regional presence. This partnership is a significant step in the global transition away from fossil fuel generation, and a testament to the power of collaboration in driving progress towards a greener future.
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