Tech Company Financing Transactions
8minute Solar Energy Funding Round
On 6/2/2020, 8minute Solar Energy landed $225 million in funding from CIT GAP Fund.
Transaction Overview
Company Name
Announced On
6/2/2020
Transaction Type
Debt
Amount
$225,000,000
Round
Undisclosed
Investors
CIT GAP Fund (Michael Lorusso)
Proceeds Purpose
8minute will use the LC facility to cost effectively post securities for its power purchase agreements (PPAs) and interconnection agreements for its 18-gigawatt (GW) pipeline of solar and storage projects throughout California, Texas and the Southwestern United States.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
250 Sutter St. 600
San Francisco, CA 94108
USA
San Francisco, CA 94108
USA
Phone
Website
Email Address
Overview
8minute Solar Energy (8minute) is the largest privately-held developer of solar PV and storage projects in the United States. Founded in 2009 by President and CEO Dr. Tom Buttgenbach, 8minute has over 18 GW of solar and storage projects under development, with 2 GW in operation in 2020.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Thomas Buttgenbach
Chief Financial Officer
Ross Trenary
Chief Operating Officer
Josh Goldstein
Vice President
Benjamin New
VP - Bus. Development
Deborah Builder
VP - Bus. Development
Sean Kiernan
VP - Bus. Development
Julia Perrier
VP - Engineering
Stephanie Perry
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