BrightNight announced plans for its projects in India: a differentiated 100 MW co-located, wind-solar hybrid renewable power project in the State of Maharashtra.
The Optima project will meet up to 80 percent of C&I customers’ power consumption and potentially save customers up to 25 percent annually on their energy bills while avoiding carbon emissions equivalent to up to 6 million tons for project life. The project will consist of co-located wind and solar components, making efficient utilization of grid infrastructure and enabling ease of operations for the grid operator.
“BrightNight is growing rapidly in its quest to globally deliver the next-generation of renewable power projects,” BrightNight CEO Martin Hermann said. “The Optima project is a great example of how we are using our experienced development team and cutting-edge technology to deliver solutions to our customers.”
BrightNight is targeting to commission the project by 1Q 2024. BrightNight will work with C&I customers to sign long-term power offtake agreements for the project to meet the highest portion of their power load requirements.
BrightNight has identified India as a core market for its global platform and entered the market with a 1 GW+ portfolio under development.
“Our Optima project is customized to meet the maximum load requirements,” BrightNight India CEO Sajav KV said. “We’ve received a great response from our prospective customers, and we are actively adding to our portfolio to meet the demand for dispatchable renewable power in India.”
BrightNight has a global portfolio of 23 GW across the U.S. and Asia Pacific and is backed by some of the most respected investors in the global energy sector, including Cordelio, a subsidiary of the Canadian Pension Plan Investment Board (CPPIB), and Global Infrastructure Partners (GIP).