BrightNight Enters India’s Power Market

BrightNight has announced its entrance into India’s energy market with two key hires based in New Delhi. Sajay KV has joined as India CEO and Naveen Khandelwal has joined as India COO and CFO.

Combined, BrightNight’s new India management team members have contributed to the delivery of 10 GW of renewable projects across India, and raised more than $2.5 billion in capital for energy projects, according to a statement.

BrightNight Founder and CEO, Martin Hermann emphasized that the company views India as “a critical market with the opportunity to be a global energy decarbonization leader” adding that the firm is “excited to be a regional partner with a large team based in New Delhi.”

Sajay KV, BrightNight India CEO has energized more than 7 GW of renewable assets across India and Sri Lanka as an IPP|OEM|EPC leader. Additionally, Sajay has originated and developed a broad portfolio of wind assets, including wind + solar hybrid and wind repowering projects. Sajay has led energy business and product strategy, project origination and development, data resourcing, manufacturing, and largescale EPC and asset management. Sajay has also led the inception of new solar and wind business units for P&L across India, generating more than $1.5B USD in revenue.

Naveen Khandelwal, BrightNight India COO & CFO was a founding member of two Indian renewable energy IPPs with GW-size wind and solar portfolios. Naveen has worked extensively in the areas of corporate development, corporate finance, techno-commercials, growth strategy, capital allocation, and general management. Naveen has also led capital raises for more than $2.5B USD over the last 10 years, across equity and debt, for renewable energy platforms.

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Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of  economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.

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