New York, January 11, 2022 /PRNewswire/ — International Infrastructure Companions (GIP), together with its co-investors, introduced that $500 million Investing in Impartial Energy Producer (IPP) Brightknight, LLC, a number one renewable vitality firm. Brightnite’s mission is to offer subsequent era energy options by combining a number of renewable applied sciences and thereby allow its prospects to finish the deep decarbonisation of their era portfolio. The corporate’s progress pipeline makes use of hybrid options throughout the US with a various set of sources together with photo voltaic and storage as its core functionality. Investing in Brightknight, which was based by a veteran renewable vitality chief and entrepreneur Martin HermannMost popular fairness is included, which additionally contains the letter of credit score facility.

GIP is investing by way of International Infrastructure Companions Capital Options Fund II (GIP CAPS II), which is a part of its credit score platform, GIP Credit score. The funding represents the fourth dedication made by GIP CAPS II. The CAPS technique leverages GIP’s crucial operational experience to offer custom-made capital options for infrastructure initiatives and firms in GIP’s core areas of energy, renewable vitality, vitality transition, digital, midstream vitality, transportation and water/waste.

Most popular Fairness supplies the flexibleness to finance Brightnight’s growth efforts, in addition to meet fairness funding wants through the building and operation of initiatives. As well as, the letter of credit score facility will present Brightnight with the dedicated capability to difficulty letters of credit score to advance the event, building and operation of its mission pipeline. Total, the brand new capital facility offered by GIP’s funding will permit BrightNight, as an IPP, to offer its purchasers a single level of service from progress by way of operations.

James Amin, GIP Associate and GIP Government Committee member, mentioned: “We’re thrilled in regards to the alternative to assist Martin and the Brightnite group with this strategic funding that may assist Brightnite innovate its bold progress efforts within the imaginative and prescient of US Brightnite. Renewable vitality options intently align with our imaginative and prescient to achieve such excessive progress however more and more aggressive renewable vitality markets. Transactions differentiated infrastructure platforms with excessive progress potential and powerful administration groups That is consistent with GIP’s decided technique to put money into

Martin HermannBrightknight CEO mentioned: “Now we have lengthy admired GIP’s deep expertise and monitor file within the {industry} and are very happy to have fashioned this partnership. GIP’s assist permits us to quickly speed up modern energy options comparable to 24×7 structured merchandise and optimized dispatchable programs. to competitively exchange non-renewable baseload era. We’re excited to confidently proceed our path to change into the industry-leading IPP.”

Milbank LLP offered authorized recommendation to GIP. PJT Companions acted as monetary advisor to Brightknight. Taft Statinius & Hollister LLP and Schulte Rotho and Zabel LLP acted as authorized advisor for Brightnight.

About International Infrastructure Companions
International Infrastructure Companions (GIP) is a number one unbiased infrastructure fund supervisor that makes fairness and debt investments in infrastructure property and companies. GIP targets investments within the vitality, transportation, digital infrastructure and water/waste sectors within the OECD and choose rising market international locations. GIP groups are positioned in 10 workplaces: London, New York, Stamford ,Connecticut, Sydney, Melbourne, Brisbane, Mumbai, Delhi, Singapore And Hong Kong, GIP Credit score supplies monetary options and makes debt and non-common fairness investments in infrastructure property and firms. For extra info go to www.global-infra.com.

About BrightNight
Brightknight is the primary renewable built-in energy firm designed to offer clear, dispatchable renewable vitality options to utility and industrial and industrial prospects. Brightnite works with prospects throughout the US and Asia Pacific To design, develop and function optimized, protected, dependable, large-scale, hybrid renewable vitality initiatives to higher handle the intermittent nature of renewable vitality. Its deep buyer engagement course of, group of confirmed energy specialists, and industry-leading costs empower prospects to beat difficult vitality sustainability requirements, quickly altering grid dynamics, and the transition from fossil gasoline manufacturing. To study extra go to: www.brightnightpower.com

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