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- BrightNight Secures $440 Million Equity Investment from Goldman Sachs
BrightNight Secures $440 Million Equity Investment from Goldman Sachs
Slice of Energy Team
October 17, 2024
Key Highlights:
BrightNight secures $440 million strategic equity investment from Goldman Sachs Alternatives.
Investment supports BrightNight's 31-gigawatt renewable energy project portfolio.
BrightNight upsizes corporate credit facility from $375 million to $400 million.
Partners include Global Infrastructure Partners and Cordelio Power.
Source: PR Newswire
Notable Quote:
"We are excited to partner with Goldman Sachs. This investment, as well as their deep energy transition and capital markets experience, will help drive the execution of our IPP business model and the build-out of our utility-scale portfolio, delivering cutting-edge clean power projects to serve our customers across the U.S."
Our Take:
This $440 million strategic investment marks a major milestone for BrightNight, enabling it to fully fund its five-year business plan and advance its impressive 31-gigawatt renewable energy project portfolio. The partnership with Goldman Sachs Alternatives is significant not only for the capital but for the deep expertise Goldman brings in energy transition and capital markets. Additionally, BrightNight's focus on large-scale, dispatchable clean energy solutions positions it well to meet the growing demand for reliable renewable power infrastructure across the U.S., further supported by its upsized corporate credit facility structured as a Green Loan.