logo
logo

8Minute Solar Energy Closes $400 Million In Financing From Eig

8Minute Solar Energy Closes $400 Million In Financing From Eig

01/19/22, 12:30 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svglos angeles
Money raised
$400 million
8minute Solar Energy (“8minute”) today announced that it has closed $400 million in financing from EIG, a leading institutional investor in the global energy and infrastructure sectors. The financing agreement includes a portion of growth equity and a letter of credit. R. Blair Thomas, EIG’s Chairman and CEO, will join 8minute’s Board of Directors.

Company Info

Company
8 Minute Solar Energy
Location
los angeles, california, united states
Additional Info
As a record-breaking, unrivaled technology leader, 8minute Solar Energy (“8minute”) is championing the clean energy transition in the United States and shaping the future of energy through its next generation of smart solar power plants. Since its founding in 2009, 8minute has successfully put 2 GW of solar projects in operation and currently has over 18 GW of solar and 24 GWh of energy storage projects under development. By prioritizing technology and engineering innovation, 8minute’s best-in-class team has continued to set new industry records: developing the largest solar plant in the nation starting in 2011, delivering the first operational solar plant in the U.S. to beat fossil fuel prices in 2016, and securing a deal to deliver solar with storage at record-low prices in 2019. Now one of the largest solar developers in the country with an established track record of delivering above-market profitability, 8minute’s relentless pursuit of smart energy generation is unlocking growth and expanding access to affordable and reliable clean energy. For more information, visit www.8minute.com, and follow 8minute on Twitter and LinkedIn.