SAN FRANCISCO & HOUSTON – October 4, 2016 – 8minutenergy Renewables, LLC, (“8minutenergy”), the leading independent solar developer in the United States, announced today at the Gulf Coast Power Association Fall Conference in Austin, Texas the company has formally expanded operations into Texas.
8minutenergy recently opened an office in Houston to drive the over 2 gigawatts (GW) of utility-scale solar photovoltaic (PV) projects that the company is targeting in Texas. The local team will bring their expertise in developing and acquiring utility-scale solar PV projects to provide value to customers in Texas and other select wholesale markets.
“We captured nearly 15 percent market share in California, which is one of the toughest solar markets in the world. We are excited to replicate our proven model and execution-oriented approach in Texas,” said Martin Hermann, 8minutenergy’s CEO and founder. “We believe in partnership, transparency, and innovation, which are traits that are already proving beneficial in our early stage project development achievements across the Lone Star State.”
8minutenergy’s track record includes being awarded more than 1,500 megawatts (MW) in Power Purchase Agreements (PPA); building the world’s largest solar PV farm (the 800 MW Mount Signal project in California); and being the first company in the United States to beat fossil fuel prices with solar energy. The company is currently developing over 5,000 MW in its North America project pipeline.
“At 8minutenergy, we have a success rate that is significantly greater than the industry average because of our process-driven method,” said 8minutenergy’s President, Tom Buttgenbach. “We know how to optimize and design a project from the start, and we manage it all from transmission to operations and maintenance. We believe this approach will resonate in Texas where utilities and corporations are looking for pure-play solar partners that can aggressively compete with alternative forms of energy.”
About 8minutenergy Renewables, LLC
Founded in 2009, 8minutenergy Renewables is the nation’s largest independent developer of solar PV projects. To date, 8minutenergy has nearly 5.5 gigawatts under development in North America, been awarded more than 1.5 GW in power purchase agreements, and is developing some of the largest solar plants in the world, including the 800 MW Mount Signal farm in California. 8minutenergy has an unmatched ability to produce affordable clean energy and to deliver strong financial returns on utility-scale solar projects. For more information, please visit www.8minutenergy.com.
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