8minutenergy Renewables

8minute Solar Energy is an American photovoltaic (PV) developer of utility-scale PV power plants and energy storage.

It has developed solar farms that includes Eagle Shadow Mountain Solar Farm which is a 420 MWp (300 MWAC) photovoltaic power station north of Las Vegas, Clark County, Nevada.[1][2] Mount Signal Solar which is a 594 MWp (460 MWAC) photovoltaic power station west of Calexico, California,[3][4][5] a 137 MW Springbok Solar Farm and the 191 MW Springbok 2 solar project, both located in Kern County, California.[6][7]

History

It was founded by Tom Buttgenbach and Martin Hermann in 2009.[8] In 2014, Kern County Board of Supervisors approved development of Redwood Solar Farm which received investment of $30 million by Macquarie Capital.[9][10][11] In 2018, it had raised $200 million through a joint venture with J.P. Morgan Asset Management and Upper Bay Infrastructure Partners for its pipeline of utility-scale solar projects.[12][13]

A 25 year pact was signed with Los Angeles Department of Water and Power in 2019.[14]

  • In early 2020, 8minute Solar Energy received investments from the University of California system, J.P. Morgan Asset Management and Upper Bay Infrastructure Partners to fund development of solar projects.[15]
  • In July 2019, the company sold its Holstein solar project to Duke Energy.[16]
  • The Holstein project was the company's first completed development in Texas, with approximately 709,000 solar panels on 1,300 acres in Wingate, Texas.[17]

In 2022, University of California filed a lawsuit against 8minute Solar.[18] The same year, 8minute Solar Energy announced they had secured $400 million in financing from institutional investor EIG.[19]

See also

References
  1. Kahn, Brian. "Solar Just Hit a Record Low Price In the U.S." Earther. Retrieved 2019-02-11.
  2. "NV Energy 2.3-cent solar contract could set new price record". Utility Dive. Retrieved 2019-02-11.
  3. Woody, Todd. "U.S. Solar Industry Booming Despite China Trade War". Forbes. Retrieved 2019-02-11.
  4. "Folsom's 8minutenergy gets approval for largest solar farm". www.bizjournals.com. Retrieved 2019-02-11.
  5. "8minutenergy Renewables breaks ground on first phase of 800MW PV project". PV Tech. Retrieved 2019-02-11.
  6. "8minutenergy And D. E. Shaw Start Construction Of 191 MW Springbok 2 Solar Farm - Solar Industry". Solar Industry. 2015-12-15. Retrieved 2019-02-11.
  7. "Solar Farm in California Selling Power 58% Below State Average". Bloomberg NEF. Retrieved 2019-02-11.
  8. "US company, 8minutenergy, to build 4 GW of solar capacity in India". @businessline. Retrieved 2019-02-11.
  9. Glover, Mark (2014-10-21). "Folsom's 8minutenergy to develop solar projects in Kern County". The Sacramento Bee. ISSN 0890-5738. Retrieved 2019-02-11.
  10. "Macquarie Infrastructure Development". www.macquarie.com. Retrieved 2019-02-11.
  11. Goosens, Ehren (August 5, 2014). "Edison to Buy 457 Megawatts of Solar From 8minutenergy". Bloomberg.
  12. "U.S. solar developer 8minutenergy in $200 million joint venture". Reuters. 2018-12-11. Retrieved 2019-02-19.
  13. "8minutenergy, J.P. Morgan and Upper Bay Form $200M Joint Venture for Solar Project | Los Angeles Business Journal". labusinessjournal.com. Retrieved 2019-02-19.
  14. Roth, Sammy (September 10, 2019). "Los Angeles OKs a deal for record-cheap solar power and battery storage". Los Angeles Times. Retrieved September 11, 2019.
  15. Kate Finma (April 27, 2020). "UC invests in solar power developer 8minute Solar Energy". The Daily Californian. Retrieved August 20, 2020.
  16. Eric Wesoff (August 12, 2020). "The best little utility-scale solar roundup in Texas". PV Magazine. Retrieved August 20, 2020.
  17. Kelsey Misbrene (July 7, 2020). "8minute Solar Energy brings first project online in Texas". Solar Power World. Retrieved August 20, 2020.
  18. Garcia, Luis (31 January 2022). "University of California Sues 8minute Solar, Seeking $1.22 Billion". Wall Street Journal. Archived from the original on 31 January 2022.
  19. "8minute energy closes $400 million in financing from EIG". pv magazine USA. 2022-01-19. Retrieved 2022-12-08.
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