8minute Solar Energy has added 3 gigawatts of large-scale solar projects to its development pipeline this month, for a total of more than 18 gigawatts — enough to provide power for 20 million people.
The company further announced it has attracted additional corporate-level funding to develop the rapidly growing pipeline, the majority of which will be converted to the company’s new generation, solar-power plant design with battery-energy storage.
“While the financial markets, especially tax equity, face uncertainty right now due to the COVID-19 pandemic, 8minute as a company is financially very well positioned,” said Tom Buttgenbach, president and CEO of 8minute. “Given our strong cash position and balance sheet, as well as the strength of our financial partners, we’re fortunate to take the long-view and continue our growth trajectory to deliver clean, reliable power — day and night — for less than the cost of fossil fuels.”
To support its 18-gi
