8minute Solar Energy (8minute) has closed USD400 million in financing from EIG, an institutional investor in the global energy and infrastructure sectors.
8minute Solar Energy (8minute) has closed USD400 million in financing from EIG, an 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.
This strategic fundraise will help 8minute continue to operate and grow its attractive portfolio of clean energy assets, which includes more than 18 gigawatts (GW) of solar capacity and 24 gigawatt-hours (GWh) of storage throughout California, Texas, and the southwestern United States—enough energy to provide power for 20 million people.
