Friday, February 23

Tag: Wind Solar Hybrid

BrightNight to Develop 2GW Renewable Energy Capacity in India in Next 5 Years
RE Updates

BrightNight to Develop 2GW Renewable Energy Capacity in India in Next 5 Years

Renewable power producer BrightNight plans to develop 2 giga watt (GW) of renewable energy capacity in India in the next 4-5 years that will require a total investment of $1 billion. The company will deploy $250 million equity capital. “BrightNight is developing hybrid wind-solar projects with a calibrated use of energy storage that operates round the clock. The $250 million commitment will be deployed in three years,” BrightNight Power India CEO Sajay KV said. BrightNight Global has about 23 GW of pipeline across the world, of which 3 GW is in Asia Pacific — India, Bangladesh, Philippines and Australia. India got a large share of 2 GW for its scale and size, and work on 1.2 GW in three states has started, he said. The first project is coming up in Maharashtra at an investment of...