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.

  • 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

July 15, 2025
Malaysian utility company Tenaga Nasional Berhad has officially launched a floating solar pilot project, which could help unlock 2.2GW of generation capacity.
July 15, 2025
Ingeteam has expanded its footprint in Australia by announcing it will supply the 243MWp Maryvale Solar and Energy Storage Project in New South Wales.
July 14, 2025
Australian renewables developer Edify Energy has submitted plans for a 300MWac solar-plus-storage site in Victoria to Australia’s Environment Protection and Biodiversity Conservation (EPBC) Act.
July 14, 2025
ACWA Power has signed power purchase agreements (PPAs) with Saudi Power Procurement Company (SPPC) for five solar PV projects in the country.
July 14, 2025
Elements Green has secured €80 million (US$93.5 million) in financing from Danish investment firm Copenhagen Infrastructure Partners (CIP).
July 14, 2025
Solar and storage developer MN8 Energy has raised US$575 million to refinance three PV projects in North Carolina, Kentucky and Illinois.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK