- BrightNight has partnered with ACEN Corporation (“ACEN”) to advance its 1.0 GW renewable power portfolio in the Philippines.
- Across the Asia Pacific region, ACEN has established a significant presence in its core market.
BrightNight has partnered with ACEN Corporation to advance the development, construction, and operation of BrightNight’s initial 1.0 GW renewable power portfolio in the Philippines.
The partnership plans to develop and construct 1 GWac of renewable power projects in the Philippines with an estimated capital deployment of US$1.2b over the next five years. BrightNight and ACEN’s second partnership builds on the success of the one established in India in March 2023.
BrightNight brings its advanced Philippines portfolio, an experienced local team led by Michael Yamazoe, and differentiated capabilities, including its AI-driven design and optimisation software platform PowerAlpha®, to build and operate large-scale, multi-technology renewable power plants.
Across the Asia Pacific region, ACEN has established a significant presence in its core market, 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 said, “ACEN has demonstrated success in scaling and operating large fleets of renewable assets through strategic partnerships across the region, and our existing India partnership is already delivering tremendous value. This is another successful step in our expanding relationship.”
Patrice Clausse, ACEN Group Chief Investment Officer, stated, “Bringing this partnership and these solutions to the Philippines is an exciting opportunity and aligns with our corporate strategy and commitment to serving our customers’ needs.”