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ACEN, BrightNight to invest $1.2B in local renewable energy projects

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ACEN Corp. and US-based BrightNight LLC have teamed up again to develop one gigawatt (GW) of renewable energy (RE) projects in the Philippines. The two companies are investing $1.2 billion in RE projects in the country over the next five years.

ACEN Corp. and US-based BrightNight LLC have teamed up again to develop one gigawatt of renewable energy projects in the Philippines.This is BrightNight and ACEN’s second partnership and builds on the success of the one established in India last year. In March 2023, ACEN, through its subsidiary, ACEN Renewables International Pte. Ltd. , formed a 50-50 partnership with BrightNight to develop, construct, and operate about 1.

With approximately 4.8 GW of attributable renewable capacity across key markets, such as the Philippines, Australia, Vietnam, Indonesia, and India, ACEN is gearing up to raise its renewable capacity to 20 GW by 2030. The partnership is expected to help ACEN achieve its goal. ACEN, added Hermann, demonstrated success in scaling and operating large fleets of renewable assets through strategic partnerships across the region.

 

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