8minutenergy has retained BofA Merrill Lynch as its financial advisor.
The near term projects are expected to have an enterprise value in excess of $1bn. 8minutenergy develops, engineers, builds, and owns utility-scale solar projects including the world’s largest solar project, as measured by signed PPAs, and since founding has developed over 700MW of operational projects.
8minutenergy CEO and founder Martin Hermann said: “8minutenergy has greenfield-developed one of the solar industry’s largest project pipelines, and has a unique position in the market.
“Since 2009, we have built a highly successful solar development platform, having secured over 1.5 GW of long-term PPAs across 14 projects, representing $5.5bn in contracted revenues.
"As the U.S. solar market continues to grow, driven by the increasing price competitiveness of utility-scale solar, the ITC extension, and various decarbonization policies, we are well positioned to capitalize on our growing pipeline delivering gigawatts of clean energy into the grid.”
8minutenergy President Tom Buttgenbach said: “With over 700 MW of developed projects in operation, 8minutenergy’s projects have secured in excess of $1bn in third party investment, generating significant benefits for project stakeholders.
“Our strategy continues to focus on large utility-scale greenfield development, deploying best-in-class solar solutions providing our customers with the greatest value for their energy needs.
"As we continue to expand and build upon our proven, levelized cost of energy-centric platform, we are looking for efficient investment capital to fund a variety of interesting development and long term ownership opportunities in the U.S.”
