Monday, May 23 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of May 23
Week of May 16
Week of May 09
Week of May 02
Week of Apr 25
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    8minute Solar Energy Raises USD400 Million in Private Financing

    January 20, 2022 - Marketline - Deals


      Deal In Brief

      8minute Solar Energy, a clean energy company, has raised USD400 million in private financing. The financing was provided by EIG Global Energy Partners LLC, a institutional investor in the global energy and infrastructure sectors. The financing agreement includes a portion of growth equity and a letter of credit

      This strategic fundraise will help 8minute continue to operate and grow its attractive portfolio of clean energy assets, which includes more than 18 GW of solar capacity and 24 GWh of storage throughout California, Texas, and the southwestern United States, enough energy to provide power for 20 million people. Importantly, this investment will enable 8minute to focus on technology innovation and advanced solar plant design, and to begin building projects on its own balance sheet.

      Deal Value (US$ Million) 400
      Deal Type Private Equity
      Sub-Category DIRECT INVESTMENT
      Deal Status Completed: 2022-01-19

      Deal Participants

      Target (Company) 8minutenergy Renewables LLC

      Deal Rationale

      The company intends to use the proceeds to operate and grow its attractive portfolio of clean energy assets.

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)


    Other Articles - Utility Business / General


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.