United States-based independent power producer BrightNight has announced plans for its differentiated 100 MW co-located, wind-solar hybrid renewable power project in India. The Optima project, located in Maharashtra, will deliver clean power to commercial and industrial (C&I) customers in the State.
The developer said the Optima project has been developed by its India team using its proprietary software platform, which optimizes multiple renewable technologies to meet customers’ load requirements. The renewable power project will meet up to 80% of C&I customers’ power consumption and potentially save customers up to 25% annually on their energy bills while avoiding carbon emissions equivalent to up to 6 million tonnes for project life.
The project will consist of co-located wind and solar components, making efficient utilization of grid infrastructure and enabling ease of operations for the grid operator.
“BrightNight is growing rapidly in its quest to globally deliver the next-generation of renewable power projects,” BrightNight CEO Martin Hermann said. “India is a high-growth market with a strong demand for renewable power. I am proud of the India team’s progress and excited about the tremendous potential this market presents for BrightNight.”
Having secured the grid connectivity at the state grid substation, BrightNight is targeting to commission the project by March 2024. BrightNight will work with C&I customers to sign long-term power offtake agreements for the project to meet the highest portion of their power load requirements.
BrightNight has a global portfolio of 23 GW across the U.S. and Asia Pacific and is backed by Cordelio, a subsidiary of the Canadian Pension Plan Investment Board (CPPIB), and Global Infrastructure Partners (GIP). It has identified India as a core market for its global platform and entered the market with a 1 GW+ portfolio under development led by India CEO Sajay KV and India COO and CFO Naveen Khandelwal, who with the team have collectively delivered more than 7 GW of in-country wind and solar projects.
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