BrightNight announces $1 bn investment in green energy over 5 years
POWER & RENEWABLE ENERGY

BrightNight announces $1 bn investment in green energy over 5 years

Renewable power producer, BrightNight, plans to invest $1 billion in developing 2 GW of renewable energy capacity in India over the next 4-5 years. The company will allocate $250 million of equity capital towards this endeavour. BrightNight Power India CEO, Sajay KV, stated that the company is focused on developing hybrid wind-solar projects with integrated energy storage, enabling continuous operation. The committed $250 million will be deployed within three years. Globally, BrightNight has a pipeline of approximately 23 GW, with 3 GW dedicated to the Asia Pacific region, including India, Bangladesh, Philippines, and Australia. The substantial share of 2 GW has been allocated to India due to its scale and size. Work has already commenced on 1.2 GW across three states.

The first project, named Optima, is being established in Maharashtra with an investment of around Rs 8 billion, with 75% of the financing being debt-based. This 100 MW co-located wind-solar hybrid renewable power project aims to deliver high-capacity factor power to commercial and industrial customers. Commissioning is scheduled for early next year, prior to the wind season. The project is expected to replace 80% of grid power and result in up to 25% annual savings on energy bills. BrightNight's proprietary software, Power Alpha, ensures optimal design for the Levelized Cost of Energy (LCOE) for consumers.

Similar hybrid renewable power projects are planned for Gujarat and Rajasthan, and an additional 100 MW project is in the works for Maharashtra. BrightNight is currently engaged in advanced discussions with clients interested in power purchase deals, amounting to approximately 300 MW, for its upcoming 100 MW unit, according to Sajay.

Renewable power producer, BrightNight, plans to invest $1 billion in developing 2 GW of renewable energy capacity in India over the next 4-5 years. The company will allocate $250 million of equity capital towards this endeavour. BrightNight Power India CEO, Sajay KV, stated that the company is focused on developing hybrid wind-solar projects with integrated energy storage, enabling continuous operation. The committed $250 million will be deployed within three years. Globally, BrightNight has a pipeline of approximately 23 GW, with 3 GW dedicated to the Asia Pacific region, including India, Bangladesh, Philippines, and Australia. The substantial share of 2 GW has been allocated to India due to its scale and size. Work has already commenced on 1.2 GW across three states. The first project, named Optima, is being established in Maharashtra with an investment of around Rs 8 billion, with 75% of the financing being debt-based. This 100 MW co-located wind-solar hybrid renewable power project aims to deliver high-capacity factor power to commercial and industrial customers. Commissioning is scheduled for early next year, prior to the wind season. The project is expected to replace 80% of grid power and result in up to 25% annual savings on energy bills. BrightNight's proprietary software, Power Alpha, ensures optimal design for the Levelized Cost of Energy (LCOE) for consumers. Similar hybrid renewable power projects are planned for Gujarat and Rajasthan, and an additional 100 MW project is in the works for Maharashtra. BrightNight is currently engaged in advanced discussions with clients interested in power purchase deals, amounting to approximately 300 MW, for its upcoming 100 MW unit, according to Sajay.  

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement