BrightNight, a renewable power company serving utility, commercial and industrial customers, has secured a $440m investment from the infrastructure business at Goldman Sachs Alternatives.
Goldman Sachs’ investment, together with existing capital commitments, will fund BrightNight’s five-year business plan and the execution of its 31-gigawatt renewable power project portfolio, which is supported by its AI software platform, PowerAlpha.
The transaction is expected to close in September 2024.
BofA Securities, Inc. and PJT Partners advised BrightNight, while Jefferies and Weil, Gotshal & Manges advised Goldman Sachs Alternatives.
