FORT COLLINS, Colorado — Solas Energy®, a provider of comprehensive energy solutions, today announced its role in supporting Global Infrastructure Partners (GIP) in its $500 million investment in independent power producer (IPP) BrightNight, LLC, a leading renewable power company. Solas Energy acted as the key technical advisor to GIP for the $500 million investment, which includes Preferred Equity and a letter of Credit Facility. As part of the due diligence for the project, Solas Energy evaluated BrightNight’s hybridized development portfolio which includes a diverse set of resources, including solar PV and storage.
“Solas Energy provided due diligence for all aspects of project development including land, siting, environmental, permitting, resource analysis, interconnection requirements, and project economic modeling for this renewable energy portfolio investment. We’re thrilled to have played a role in this major investment which will bring significant zero emission energy to communities throughout the US,” noted Evelyn Carpenter, President and CEO of Solas Energy.
Solas Energy acted as the key technical advisor to GIP in its $500 million investment in BrightNight, LLC.
The new capital facility provided by GIP’s investment will allow BrightNight, as an IPP, to offer its customers a single point of service from development through operations.
About Solas Energy
Solas Energy, headquartered in Fort Collins, Colorado, is a US-based consulting firm specializing in energy projects across renewables, data centers, storage, high-voltage projects, and conventional generation infrastructure. With 16 years of experience on more than 100 gigawatts of projects, Solas Energy provides services including owner’s engineering, project and construction management, and development support. The company is focused on US opportunities, supporting clients with proven expertise and future-focused solutions. Learn more at www.solasenergyus.com or follow us at www.linkedin.com/company/solasenergy-us.
Media Contact:
Julie Wright
(W)right On Communications
jwright@wrightoncomm.com