8minute Solar Energy Expands Development Pipeline to 18 Gigawatts with New Solar-Plus-Storage Power Plants
JP Morgan Chase & Co. (JPM)
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Source: Business Wire
New capital from joint venture partners will help accelerate clean, affordable and 24/7 reliable power for millions of households across the U.S. LOS ANGELES--(BUSINESS WIRE)--8minute Solar Energy (8minute) announced that the company has added 3 gigawatts (GW) of large-scale solar projects to its development pipeline this month, for a total of over 18 GW—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. 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
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