U.S. Renewable Firm BrightNight Enters Indian Energy Sector

MyPickup Raises Rs 1.5cr In Seed Round Led By Inflection Point Ventures

US-based renewable company BrightNight announced yesterday its entrance into India’s energy market with two key hires located in New Delhi — Sajay KV has joined as India CEO and Naveen Khandelwal has joined as India COO and CFO. Combined, BrightNight’s new India management team members have contributed to the delivery of 10 GW of renewable projects across India, and raised more than $2.5 billion in capital for energy projects.

The company states that Sajay and Naveen bring a wealth of experience in wind, solar, and storage technology, from which it will benefit as they develop, operate, and maintain dispatchable renewable power projects across the country. Sajay, who last worked at Hero Future Energies as the firm’s President, has energized more than 7 GW of renewable assets across India and Sri Lanka as an IPP|OEM|EPC leader. Additionally, he has developed a broad portfolio of wind assets, including wind + solar hybrid and wind repowering projects, and created new solar and wind business units for P&L across India, generating more than $1.5B USD in revenue. With 18 years of experience in the energy sector, Naveen has been a founding member of two large and reputed Indian renewable energy IPPs with GW-size wind and solar portfolios. Having worked with Sembcorp Green Infra Limited in the past, he has also led capital raises for more than $2.5B USD over the last 10 years, across equity and debt, for renewable energy platforms.

BrightNight is excited to bring its advanced solutions to India’s renewable energy market, which is projected to grow from 100GW to 450GW by 2030.

BrightNight Founder and CEO, Martin Hermann emphasized that the company views India as “a critical market with the opportunity to be a global energy decarbonization leader” adding that the firm is “excited to be a regional partner with a large team based in New Delhi.”

While India has seen an impressive investment in standard renewable energy infrastructure, BrightNight aims to provide power off-takers with next generation hybrid, peak and firm power solutions that will outpace standard project dispatchability, reliability, and safety.

US Moves To Sanction Chinese Solar Firms, Implications for India

Also Read

As standard renewable energy solutions continue to energize, intermittent supply combined with growing demand is expected to pose a threat to reliability and be increasingly challenging to manage. In contrast, BrightNight renewable power solutions will provide operators with industry-leading dispatchability and energy management tools so clients can confidently decarbonize without compromising reliability.

Bill Gates-Backed US Firm to Pour $300 M in India’s Module Production

Also Read