BrightNight, Cordelio Power Reach Financial Close for 300 MW Solar + 1,200 MWh BESS Project in US
BrightNight and Cordelio Power have closed financing on a hybrid renewable project in Arizona, US, comprising a 300 MWac solar plant integrated with a 300 MW/1,200 MWh battery energy storage (BESS) facility. The project is expected to be operationalised by April 2027.
November 15, 2025. By Mrinmoy Dey
Developed to fulfil the obligations of a long-term tolling agreement with a local utility, Pioneer will deliver reliable, dispatchable energy to support Arizona's growing electricity needs, the company said in a statement.
Martin Hermann, Chief Executive Officer of BrightNight, said, “Pioneer reflects BrightNight's long-term commitment to supporting Arizona's growing energy needs. We're focused on being a trusted partner in the region – delivering reliable, flexible clean power that drives lasting value for our customers and the communities they serve.”
Chris Hind, CEO of Cordelio Power, added, “We're proud to have completed this important milestone for the Pioneer project. We'd like to thank the local community and our partners across the project for their dedication to seeing this project delivered.”
Pioneer's financing was supported by a syndicate of lenders, including Crédit Agricole, MUFG, Royal Bank of Canada, National Bank of Canada, CoBank, and ING. The project's financing reflects strong market confidence in BrightNight and Cordelio Power's ability to execute complex hybrid energy assets that combine utility-scale power generation with battery storage systems and strengthen their position for continued growth in US markets, the company stated.
Pioneer will provide firm, on-demand clean capacity to residences and businesses, supporting grid reliability and flexibility as Arizona's energy demand accelerates. In addition, BrightNight's proprietary AI-based software, PowerAlpha, optimised the design of the project, the company said, further adding that the commercial operation is expected by April 2027.
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