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    EDPR completes construction of Riverstart, Indiana’s largest solar farm

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    The smarter E Europe 2022: Focus on Green Hydrogen

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

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    8minute Solar Energy secures $400m in financing from EIG

    Iberdrola consolidates its position as the biggest driver of renewables in Spain with the installation of 2,000 new MW during the pandemic

    Iberdrola consolidates its position as the biggest driver of renewables in Spain with the installation of 2,000 new MW during the pandemic

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    Cordelio Power Expands Into New York Market with SunEast Transaction

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    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

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    SeaMade secures €250m European loan for Belgian offshore wind farms

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    GE’s digital power transformers selected for multiple projects across the globe

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    GE Renewable Energy and Continuum Green Energy sign another critical wind power project in India

    Heliogen Collaboration With CarbonCapture Inc to Develop Facilities That Remove Carbon Dioxide Directly from the Atmosphere

    Heliogen Collaboration With CarbonCapture Inc to Develop Facilities That Remove Carbon Dioxide Directly from the Atmosphere

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    Vattenfall's Hollandse Kust Zuid 1&2 wind power plant to be fitted with new 11 MW Siemens Gamesa turbines

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    The smarter E - INTERSOLAR EUROPE 2022: 80 PERCENT ALREADY BOOKED

    The smarter E – INTERSOLAR EUROPE 2022: 80 PERCENT ALREADY BOOKED

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    EDPR completes construction of Riverstart, Indiana’s largest solar farm

    EDPR completes construction of Riverstart, Indiana’s largest solar farm

    The smarter E Europe 2022: Focus on Green Hydrogen

    The smarter E Europe 2022: Focus on Green Hydrogen

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    EDPR signs project finance for six wind farms with an aggregate capacity of 149 MW

    Amazon Becomes Europes Largest Corporate Buyer of Renewable Energy

    Israels Econergy to Build 800MW Storage Space, 900MW Solar Capacity in UK

    Argentina reveals its nuclear new build plans

    Hungarian government partners with Framatome on nuclear innovation

    OMV and VERBUND begin construction on Austria's largest area photovoltaic plant

    Better Energy inks bundled PPA for new solar park in Denmark

    8minute Solar Energy secures $400m in financing from EIG

    8minute Solar Energy secures $400m in financing from EIG

    Iberdrola consolidates its position as the biggest driver of renewables in Spain with the installation of 2,000 new MW during the pandemic

    Iberdrola consolidates its position as the biggest driver of renewables in Spain with the installation of 2,000 new MW during the pandemic

    Cordelio Power Expands Into New York Market with SunEast Transaction

    Cordelio Power Expands Into New York Market with SunEast Transaction

  • Market Moves
    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

    Ferroglobe Hydro power

    Ferroglobe completes sale of Spanish hydro facilities to TPG Sixth Street Partners

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Summit Energy Services Announces Merger with Schneider Energy Consulting

    SeaMade secures €250m European loan for Belgian offshore wind farms

    SeaMade secures €250m European loan for Belgian offshore wind farms

    Xcel Energy agrees to buy Mankato Energy Center for $650m

    UK renewable energy overtakes fossil fuels, despite Brexit fears

  • Press Statements
    Protermosolar adds value to the Spanish concentrated solar power industry in China

    Abengoa completes construction of three solar fields at the world’s largest concentrated solar power complex in Dubai

    GE's digital power transformers selected for multiple projects across the globe

    GE’s digital power transformers selected for multiple projects across the globe

    Serbia, Republika Srpska start construction on hydroelectric plant on Drina river

    GE Renewable Energy to refurbish generators at the historic Long Lake Hydroelectric Power Plant

    GE Renewable Energy and European Energy strengthen their partnership in Lithuania

    GE Renewable Energy and Continuum Green Energy sign another critical wind power project in India

    Heliogen Collaboration With CarbonCapture Inc to Develop Facilities That Remove Carbon Dioxide Directly from the Atmosphere

    Heliogen Collaboration With CarbonCapture Inc to Develop Facilities That Remove Carbon Dioxide Directly from the Atmosphere

    Construction begins on new units at two nuclear power plants in China

    China advances in nuclear power with world’s first small modular nuclear reactor

    Atlas and Hitachi to develop energy storage systems for renewable projects

    GE Renewable Energys Cypress onshore wind turbine selected for repowering project in the Netherlands

    Vattenfall's Hollandse Kust Zuid 1&2 wind power plant to be fitted with new 11 MW Siemens Gamesa turbines

    Siemens Gamesa clocks third major order for its 3.X platform with NIIF backed Ayana Renewable Power

    The smarter E - INTERSOLAR EUROPE 2022: 80 PERCENT ALREADY BOOKED

    The smarter E – INTERSOLAR EUROPE 2022: 80 PERCENT ALREADY BOOKED

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8minute Solar Energy secures $400m in financing from EIG

in News, Solar Energy
8minute Solar Energy secures $400m in financing from EIG

US-based solar energy company 8minute Solar Energy (8minute) has secured $400m in financing from institutional investor EIG to increase its clean energy asset portfolio.

The deal includes a letter of credit and a portion of growth equity. In particular, 8minute plans to use the proceeds on technological innovation, solar plant design and to start building projects on its balance sheet.

8minute founder and CEO Tom Buttgenbach said: “This strategic fundraise is not only a resounding vote of confidence in 8minute from a global energy investor that shares our vision for a zero-carbon future, but also an important signal that the private sector recognises the immediate need for more reliable, resilient and low-cost climate solutions.

“With EIG’s investment, we further solidify our role as a clean technology leader and become the leading technology provider of ‘smart’ solar power plants with integrated energy storage.

“As we look to expand into green hydrogen and other adjacent markets, a partner that understands this business is critical to our continued success.”

8minute’s portfolio currently includes 18GW of solar capacity and 24GWh of storage capacity located across California, Texas and the south-western US.

The company has more than 50 utility-scale projects in various stages of development, with an average project capacity of 400MW.

Thomas said: “8minute is a clear leader in the industry and possesses the best-in-class team, technical prowess and integrated design approach needed to make a clean energy future a reality.

“We’re thrilled to be able to help fuel long-term, sustained growth for 8minute and remain committed to supporting the company’s new ventures and future endeavours.”

EIG has been investing in the energy sector since 1982 and has deployed more than $8.4bn in sustain able and renewable energy to date.

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