Goldman Sachs Alternatives Makes 440 Million Strategic Investment In Brightnight To Fund Continued Growth

BrightNight Secures $440 Million Strategic Investment from Goldman Sachs

Investment to Fuel Continued Growth

Summary:

BrightNight, a leading renewable energy provider, has received a strategic investment of $440 million from the Infrastructure business at Goldman Sachs. This investment will support BrightNight's continued growth and expansion in the renewable energy sector. The transaction is expected to close in September 2024.

Details:

BrightNight provides clean dispatchable power solutions to its customers, enabling them to transition to more sustainable energy sources. The company's investment from Goldman Sachs will be used to:

• Expand its portfolio of solar and wind farms
• Develop new battery storage solutions
• Increase its customer base and geographic reach

Impact:

This investment from Goldman Sachs reinforces BrightNight's position as a leader in the renewable energy industry. It will allow the company to accelerate its growth and contribute to the transition to a clean energy future.