backKing & Spalding’s Singapore office is advising our client BrightNight APAC B.V. on a renewable energy joint venture in India.
BrightNight announced on 12 March that it has formed a partnership with ACEN Corporation, through ACEN Renewables International Pte. Ltd. and ACEN International, Inc. (collectively, "ACEN"), to accelerate the development, construction, and operation of BrightNight's initial 1.2 GW, multi-technology renewable power portfolio in India. The newly formed partnership aims to deploy USD250 million equity plus related performance guarantees.
More details on the deal can be found in the BrightNight press release, found here.
King & Spalding represented BrightNight on the transaction, led by partner Parveet Singh Gandoak and senior associate Michael Ng on the corporate side and partner Andrew Brereton and senior associate Soumya Bhagavatula on the financing aspects.