BrightNight Closes $440 Million Strategic Investment from Goldman Sachs Alternatives, Upsizes Corporate Credit Facility to $400 Million
BrightNight, a leading U.S. renewable power producer, has successfully closed a $440 million strategic equity investment from Goldman Sachs Alternatives. This investment, along with existing capital commitments, is expected to fully fund BrightNight's five-year business plan and advance the execution of its 31-gigawatt renewable power project portfolio, including solar, energy storage, and hybrid solutions.
Additionally, BrightNight has upsized its corporate credit facility from $375 million to $400 million. This Green Loan-structured facility will provide necessary balance sheet support to execute BrightNight's U.S. project portfolio. Global Infrastructure Partners will continue to support BrightNight with its existing capital commitment for construction equity needs.
BrightNight's Chairman and CEO, Martin Hermann, expressed excitement about the partnership with Goldman Sachs, highlighting the potential to drive the execution of their IPP business model and build-out of their utility-scale portfolio.
BrightNight, un importante produttore di energia rinnovabile negli Stati Uniti, ha recentemente concluso un investimento strategico in capitale di $440 milioni da Goldman Sachs Alternatives. Questo investimento, insieme ai capitali già impegnati, si prevede che finanzierà completamente il piano aziendale quinquennale di BrightNight e contribuirà all'attuazione del suo portafoglio di progetti energetici rinnovabili da 31 gigawatt, comprendente solare, stoccaggio energetico e soluzioni ibride.
Inoltre, BrightNight ha aumentato la propria linea di credito aziendale da $375 milioni a $400 milioni. Questa struttura di Green Loan offrirà il supporto necessario al bilancio per eseguire il portafoglio di progetti negli Stati Uniti. Global Infrastructure Partners continuerà a supportare BrightNight con il proprio impegno di capitale esistente per le esigenze di capitale di costruzione.
Il presidente e CEO di BrightNight, Martin Hermann, ha espresso entusiasmo per la partnership con Goldman Sachs, sottolineando il potenziale di promuovere l'esecuzione del loro modello di business IPP e l'espansione del loro portafoglio su scala utilitaria.
BrightNight, un destacado productor de energía renovable en EE. UU., ha cerrado con éxito una inversión estratégica en capital de $440 millones por parte de Goldman Sachs Alternatives. Se espera que esta inversión, junto con los compromisos de capital existentes, financie completamente el plan de negocio de cinco años de BrightNight y avance en la ejecución de su portafolio de proyectos de energía renovable de 31 gigavatios, que incluye soluciones solares, de almacenamiento de energía y híbridas.
Además, BrightNight ha ampliado su línea de crédito corporativa de $375 millones a $400 millones. Esta instalación estructurada como un Préstamo Verde proporcionará el apoyo necesario al balance para ejecutar el portafolio de proyectos de BrightNight en EE. UU. Global Infrastructure Partners seguirá apoyando a BrightNight con su compromiso de capital existente para necesidades de capital de construcción.
El presidente y CEO de BrightNight, Martin Hermann, expresó su entusiasmo por la asociación con Goldman Sachs, destacando el potencial para impulsar la ejecución de su modelo de negocio IPP y la expansión de su portafolio a escala de servicios públicos.
BrightNight는 미국의 주요 재생 에너지 생산 기업으로서 Goldman Sachs Alternatives로부터 4억 4천만 달러의 전략적 자본 투자를 성공적으로 완료했습니다. 이 투자는 기존 자본 약정과 함께 BrightNight의 5년 사업 계획을 완전히 자금 지원하고 31GW의 재생 에너지 프로젝트 포트폴리오를 실행하는 데 기여할 것으로 예상됩니다. 이 포트폴리오는 태양광, 에너지 저장, 하이브리드 솔루션을 포함합니다.
또한 BrightNight는 기업 신용 한도를 3억 7천5백만 달러에서 4억 달러로 확대했습니다. 이 그린 론 구조의 대출 시설은 BrightNight의 미국 프로젝트 포트폴리오를 실행하기 위한 필요 자금을 지원합니다. 글로벌 인프라 파트너스는 BrightNight의 건설 자본 요구를 위한 기존 자본 약정을 통해 지속적으로 지원할 것입니다.
BrightNight의 회장 겸 CEO인 Martin Hermann은 Goldman Sachs와의 파트너십에 대한 기대감을 전하며, 이는 IPP 비즈니스 모델의 실행과 공공사업 규모 포트폴리오의 확장에 기여할 가능성을 강조했습니다.
BrightNight, un producteur d'énergie renouvelable de premier plan aux États-Unis, a réussi à conclure un investissement stratégique en capitaux de 440 millions de dollars de la part de Goldman Sachs Alternatives. Cet investissement, ainsi que les engagements en capital existants, devrait financer intégralement le plan d'affaires quinquennal de BrightNight et faire avancer l'exécution de son portefeuille de projets d'énergie renouvelable de 31 gigawatts, incluant des solutions solaires, de stockage d'énergie et des solutions hybrides.
De plus, BrightNight a augmenté sa facilité de crédit d'entreprise de 375 millions de dollars à 400 millions de dollars. Cette facilité structurée en tant que prêt vert fournira le soutien nécessaire au bilan pour exécuter le portefeuille de projets de BrightNight aux États-Unis. Global Infrastructure Partners continuera de soutenir BrightNight avec son engagement de capital existant pour les besoins en capitaux de construction.
Le président et PDG de BrightNight, Martin Hermann, a exprimé son enthousiasme pour le partenariat avec Goldman Sachs, soulignant le potentiel d'accélérer l'exécution de leur modèle commercial IPP et le développement de leur portefeuille à grande échelle.
BrightNight, ein führender Anbieter von erneuerbaren Energien in den USA, hat erfolgreich ein strategisches Eigenkapitalinvestment in Höhe von 440 Millionen Dollar von Goldman Sachs Alternatives abgeschlossen. Diese Investition, zusammen mit den bestehenden Kapitalzusagen, soll den fünfjährigen Geschäftsplan von BrightNight vollständig finanzieren und die Umsetzung seines 31-Gigawatt-Portfolios an erneuerbaren Energieprojekten vorantreiben, zu dem Solarenergie, Energiespeicher und hybride Lösungen gehören.
Darüber hinaus hat BrightNight seine Unternehmens-Kreditfazilität von 375 Millionen Dollar auf 400 Millionen Dollar erhöht. Diese als Green Loan strukturierte Fazilität wird die nötige Unterstützung für die Bilanz bieten, um das Projektportfolio von BrightNight in den USA umzusetzen. Global Infrastructure Partners wird BrightNight auch weiterhin mit seinem bestehenden Kapitalcommitment für Baufinanzierungsbedarfe unterstützen.
Der Vorsitzende und CEO von BrightNight, Martin Hermann, äußerte seine Begeisterung über die Partnerschaft mit Goldman Sachs und hob das Potenzial hervor, die Umsetzung ihres IPP-Geschäftsmodells und die Erweiterung ihres Portfolios im Versorgungsmaßstab voranzutreiben.
- Secured $440 million strategic equity investment from Goldman Sachs Alternatives
- Upsized corporate credit facility from $375 million to $400 million
- Expected to fully fund five-year business plan
- 31-gigawatt renewable power project portfolio
- Continued support from Global Infrastructure Partners for construction equity needs
- None.
Insights
This strategic investment by Goldman Sachs Alternatives and the upsized credit facility represent a significant boost for BrightNight's growth prospects. The
The upsizing of the corporate credit facility from
For Goldman Sachs (GS), this investment aligns with their increasing focus on renewable energy and ESG-driven opportunities. It could potentially yield significant returns if BrightNight succeeds in executing its large-scale project portfolio, while also enhancing Goldman's green credentials in the market.
BrightNight's 31-gigawatt project portfolio is remarkably ambitious, showcasing the scale of opportunity in the renewable energy sector. Their focus on a diverse mix of solar, energy storage and hybrid solutions is particularly noteworthy. This approach addresses the intermittency challenges of renewable energy and aligns with the growing demand for dispatchable clean power.
The substantial financial backing from Goldman Sachs and the upsized credit facility will be important for BrightNight to compete effectively in the capital-intensive renewable energy market. This level of funding could accelerate project development timelines and potentially allow BrightNight to secure key projects ahead of competitors.
The emphasis on "cutting-edge clean power projects" suggests a focus on technological innovation, which could give BrightNight a competitive edge in efficiency and performance. However, the success of this strategy will depend on effective project execution and the ability to deliver reliable, cost-competitive power to utilities and corporate customers.
Strategic investment from Goldman Sachs Alternatives and additional credit facility commitments fortify BrightNight's standing as a leading
This investment, together with existing capital commitments from leading institutional investors, is expected to fully fund BrightNight's five-year business plan and advance the execution of its 31-gigawatt renewable power project portfolio, which includes solar, energy storage, and hybrid solutions.
BrightNight Chairman and CEO Martin Hermann said: "We are excited to partner with Goldman Sachs. This investment, as well as their deep energy transition and capital markets experience, will help drive the execution of our IPP business model and the build-out of our utility-scale portfolio, delivering cutting-edge clean power projects to serve our customers across the
Global Infrastructure Partners will continue to support BrightNight with its existing capital commitment, which will fund construction equity needs for BrightNight's projects.
Additionally, BrightNight announced the upsize of its corporate credit facility initially announced earlier this year from
BofA Securities, Inc. and PJT Partners acted as financial advisors to BrightNight on Goldman Sachs Alternatives' investment and Taft Stettinius & Hollister acted as legal advisor. Jefferies LLC acted as sole financial advisor, and Weil, Gotshal & Manges LLC served as legal counsel to Goldman Sachs Alternatives.
About BrightNight
BrightNight is a leading renewable integrated power company designed to provide utility, commercial, and industrial customers with clean, dispatchable renewable power solutions. BrightNight works with customers across the
About Infrastructure at Goldman Sachs Alternatives
Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over
The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance by drawing on its global network and deep expertise across industries and markets.
The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world's leading institutions, financial advisors, and individuals. Goldman Sachs has over
Established in 2006, Infrastructure at Goldman Sachs Alternatives has consistently navigated the evolving infrastructure asset class, having invested approximately
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SOURCE BrightNight
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