BrightNight, ACEN plan 1-GW solar-storage rollout in the Philippines

Global renewable power producer BrightNight will deploy 1 GW of capacity in the Philippines under a partnership with a unit of local conglomerate Ayala Group that envisages a joint investment of USD 1.2 billion (EUR 1.1bn).

The pending plan for the next five years will facilitate the development, construction, and operation of solar and energy storage projects included in BrightNight's initial portfolio in the Asian country. According to a statement released on Sunday, the power producer is partnering with Philippine-based ACEN Corp (PSE:ACEN).

Apart from the financial commitment, ACEN will bring its strong domestic presence, partnership network and expertise across the regional energy value chain.

The projects covered by the deal are in advanced stages and are part of BrightNight’s global development portfolio of 37 GW. The renewables company’s assets are located across Asia, the US and Australia.

"I am confident in our team and differentiated capabilities, and the Philippines is a market with large potential and increasing clean power needs,” said BrightNight's APAC President and Managing Director Jerome Ortiz.

ACEN and BrightNight have been collaborating in India since last March, to advance the latter’s platform of 1.2 GW of wind-solar projects with an energy storage component. The duo is currently working on a 100-MW hybrid project in the state of Maharashtra.

(USD 1.0 = EUR 0.914)

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