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.
To support its 18-gigawatt development pipeline, 8minute recently raised new development capital from its joint venture partners, including J.P. Morgan Asset Management, Upper Bay Infrastructure Partners and The Regents of the University of California.
“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. 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,” said Tom Buttgenbach, president and CEO of 8minute. “Over the last few months, we
