Key Impact Points:

• $440 million equity investment: Goldman Sachs Alternatives’ strategic investment solidifies BrightNight’s five-year renewable energy growth plan.
• 31-gigawatt project portfolio: The investment fuels the development of BrightNight’s solar, energy storage, and hybrid power solutions.
• $400 million Green Loan credit facility: BrightNight strengthens its balance sheet to advance critical U.S. clean energy infrastructure.

Goldman Sachs Boosts BrightNight’s Renewable Energy Expansion with $440M Investment

Goldman Sachs Alternatives has made a $440 million equity investment in BrightNight, a next-generation renewable energy company. This strategic investment, coupled with capital commitments from other institutional investors, will fully fund BrightNight’s five-year business plan and its ambitious 31-gigawatt project portfolio, which spans solar, energy storage, and hybrid solutions.

BrightNight Chairman and CEO Martin Hermann emphasized the impact of this partnership:

“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 U.S.”

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Reinforcing Financial Strength

In addition to the equity investment, BrightNight upsized its corporate credit facility from $375 million to $400 million. This credit facility, structured as a Green Loan, ensures BrightNight has the financial support needed to execute its U.S. clean energy projects, critical to meeting growing renewable energy demands.

Global Infrastructure Partners, which continues to back BrightNight with existing capital commitments, will also support the company’s future project construction needs.

Financial advisors for this transaction included BofA Securities, Inc. and PJT Partners, with legal counsel provided by Taft Stettinius & Hollister and Weil, Gotshal & Manges LLC for Goldman Sachs Alternatives.