BrightNight and ACEN to develop 1GWac renewables portfolio in the Philippines

Facebook
Twitter
LinkedIn
Reddit
Email
ACEN philippines project
BrightNight and ACEN will deploy more than US$1.2 billion in the next five years. Credit: ACEN

US solar developer BrightNight has formed a partnership with the ACEN Corporation, a Filipino energy platform, to develop a 1GWac renewables portfolio in the Philippines.

The partnership will deploy more than US$1.2 billion over the next five years. In a statement, the companies said the investment from ACEN will provide BrightNight with resources to “fund its Philippines buildout and long-term growth in one of the fastest-growing markets in Asia”. Moreover, ACEN will provide a partnership network and expertise across the regional energy value chain.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Currently, BrightNight is developing a global portfolio of 37GW across the US and the Asia-Pacific region (APAC). In APAC, BrightNight has a 3GW portfolio across India, South Asia, Australia and the Philippines. ACEN also has a significant presence in its core markets, including the Philippines, Australia, Vietnam, Indonesia and India, with a combined renewables capacity of about 4.8GW.

Prior to the latest investment, BrightNight formed a partnership with ACEN last year to ramp up the development of its 1.2GW renewables portfolio in India. Both parties will co-develop and build hybrid wind-solar projects, serving central and state utilities as well as commercial and industrial offtakers.

Earlier this year, BrightNight closed a US$375 million corporate credit facility, planning to build out its pipeline of solar and storage projects with a combined capacity of 31GW. BrightNight noted that the funding would be used to provide equipment deposits, letters of credit and funds for project buildout across its development pipeline but did not specify how the money would be split between its current projects.

ACEN also announced plans to develop solar projects in the Philippines. In August 2023, ACEN launched a plan to develop 1GW of floating solar PV (FPV) in Laguna in the northern Philippines. Through a renewable energy contract area utilisation (RECAU) agreement, the company secured an 800-hectare lease with the Laguna Lake Development Authority (LLDA) to develop FPV in Laguna Lake, the country’s largest freshwater lake.

PV Tech publisher Solar Media will be organising the Solar Finance & Investment Asia Summit in Singapore, 24-25 September. The event will bring together the most influential leaders representing funds, banks, developers, utilities, government and industry across the Asia-Pacific region on a programme that is solutions-focused from top to tail. More information, including how to attend, can be read here.

Read Next

August 29, 2025
Chinese module maker JA Solar has launched DesertBlue, a PV module designed for desert and semi-arid regions. 
August 29, 2025
US grid interconnection agreements grew by 33% in 2024, reaching 75GW, with three-quarters signed for solar PV and battery energy storage system (BESS) projects, according to a new report from energy market analyst Wood Mackenzie.
August 29, 2025
Meridian Energy and Nova Energy have established a JV to build and operate a 400MW solar plant in Rangitaiki near Taupo in New Zealand.
August 28, 2025
Indian solar manufacturing firm INA Solar has broken ground on its fourth 4.5GW cell production plant in Narmadapuram, Madhya Pradesh.
August 28, 2025
Boviet Solar has completed exterior construction work on its 3GW PV cell manufacturing facility in Greenville, Pitt County, North Carolina. 
August 28, 2025
Venture capital firm Pacific Channel has launched Fund V, which targets 10GW of solar, wind, and energy storage in New Zealand.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines