NEW YORK CITY (dpa-AFX) - BrightNight announced the successful closing of a $440 million strategic equity investment from Goldman Sachs Alternatives. The company said the investment, together with existing capital commitments from institutional investors, is expected to fully fund five-year business plan and advance the execution of its 31-gigawatt renewable power project portfolio.
Also, BrightNight announced the upsize of its corporate credit facility initially announced earlier in the current year from $375 million to $400 million. The credit facility is structured as a Green Loan.
BrightNight is a renewable integrated power company designed to provide utility, commercial, and industrial customers with clean, dispatchable renewable power solutions.
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