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December 28, 2020

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8minute Solar Energy, a privately-held developer of solar PV and storage projects in the U.S., has significantly upsized that facility to a total of $350 million with support from new lenders. The additional $125 million in commitments comes from existing lenders who are joined by Deutsche Bank, Landesbank Hessen-Thüringen (Helaba), and Norddeutsche Landesbank. The expanded facility will help 8minute accelerate the development of its growing pipeline, which includes more than 18 GW of solar capacity and 24 GWh of storage throughout California, Texas, and the Southwestern U.S. Latham & Watkins represented 8minute and Norton Rose Fulbright represented the lenders.

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