Renewable energy company BrightNight signs $440 million investment deal with Goldman Sachs Alternatives

• The transaction is expected to close in September 2024.
• BofA Securities, Inc. and PJT Partners served as financial advisors to BrightNight, and Jefferies LLC served as sole financial advisor to Goldman Sachs Alternatives
• Founded in 2006, Goldman Sachs Alternatives’ infrastructure business has invested approximately $16 billion in infrastructure assets since inception

Goldman Sachs Alternatives has invested $440 million in BrightNight, a renewable energy company based in West Palm Beach, Florida.

In addition to Goldman Sachs, BrightNight’s current investors and partners include Global Infrastructure Partners and CPPIB-backed Cordelio Power.

The transaction is expected to close in September 2024.

“Renewable energy demand continues to benefit from strong, secular tailwinds supporting the energy transition, including significant corporate decarbonization goals and policy support at the federal and state levels,” Teresa Mattamouros, managing director, infrastructure, Goldman Sachs Alternatives, said in a statement. “We are impressed with BrightNight’s unique approach to growth, focusing on markets with attractive commercial dynamics and targeting high-value connectivity positions.”

BofA Securities, Inc. and PJT Partners acted as financial advisors to BrightNight. Jefferies LLC acted as sole financial advisor and Weil, Gotshal & Manges acted as legal advisor to Goldman Sachs Alternatives.

Established in 2006, Goldman Sachs Alternatives’ infrastructure division has invested approximately $16 billion in infrastructure assets since inception.