PV power plants manufacturer
Avantus , formerly known as8minute Solar Energy , is an Americanphotovoltaic (PV) developer of utility-scalePV power plants andenergy storage . Founded in 2009 byTom Buttgenbach and Martin Hermann,[ 1] KKR fifteen years later.[ 2]
In 2014,Kern County Board of Supervisors approved development of Redwood Solar Farm which received investment of $30 million byMacquarie Capital .[ 3] [ 4] [ 5] J.P. Morgan Asset Management and Upper Bay Infrastructure Partners for its pipeline of utility-scale solar projects.[ 6] [ 7]
A 25 year pact was signed withLos Angeles Department of Water and Power in 2019.[ 8]
In July 2019, the company sold its Holstein solar project toDuke Energy .[ 9] [ 10] [ 11]
In early 2020, 8minute Solar Energy received investments from theUniversity of California system, J.P. Morgan Asset Management and Upper Bay Infrastructure Partners to fund development of solar projects.[ 12] [ 13] [ 14] [ 15]
In March 2024, two years after being rebranded as Avantus,[ 16] [ 17] [ 18] private equity company KKR for an undisclosed amount.[ 19]
It has developed solar farms that includesEagle Shadow Mountain Solar Farm which is a 420MWp (300MWAC )photovoltaic power station north ofLas Vegas, Clark County, Nevada .[ 20] [ 21] Mount Signal Solar which is a 594MWp (460MWAC )photovoltaic power station west ofCalexico ,California ,[ 22] [ 23] [ 24] Springbok Solar Farm and the 191 MW Springbok 2 solar project, both located inKern County, California .[ 25] [ 26]
^ "US company, 8minutenergy, to build 4 GW of solar capacity in India" .@businessline . Retrieved2019-02-11 .^ "KKR completes acquisition of solar specialist Avantus" .Private Equity Wire . Retrieved2024-10-25 .^ Glover, Mark (2014-10-21)."Folsom's 8minutenergy to develop solar projects in Kern County" .The Sacramento Bee .ISSN 0890-5738 . Retrieved2019-02-11 . ^ "Macquarie Infrastructure Development" .www.macquarie.com . Retrieved2019-02-11 .[permanent dead link ^ Goosens, Ehren (August 5, 2014)."Edison to Buy 457 Megawatts of Solar From 8minutenergy" .Bloomberg . ^ "U.S. solar developer 8minutenergy in $200 million joint venture" .Reuters . 2018-12-11. Retrieved2019-02-19 .^ "8minutenergy, J.P. Morgan and Upper Bay Form $200M Joint Venture for Solar Project | Los Angeles Business Journal" .labusinessjournal.com . Retrieved2019-02-19 .^ Roth, Sammy (September 10, 2019)."Los Angeles OKs a deal for record-cheap solar power and battery storage" .Los Angeles Times . RetrievedSeptember 11, 2019 . ^ Eric Wesoff (August 12, 2020)."The best little utility-scale solar roundup in Texas" .PV Magazine . RetrievedAugust 20, 2020 . ^ Misbrener, Kelsey."Duke Energy acquires its largest solar project yet" .Solar power world . ^ Kelsey Misbrene (July 7, 2020)."8minute Solar Energy brings first project online in Texas" .Solar Power World . RetrievedAugust 20, 2020 . ^ Kate Finma (April 27, 2020)."UC invests in solar power developer 8minute Solar Energy" .The Daily Californian . RetrievedAugust 20, 2020 . ^ Garcia, Luis (31 January 2022)."University of California Sues 8minute Solar, Seeking $1.22 Billion" .Wall Street Journal Archived from the original on 31 January 2022. ^ "8minute energy closes $400 million in financing from EIG" .pv magazine USA . 2022-01-19. Retrieved2022-12-08 .^ "8minute Solar Energy Closes $400 Million in Financing from EIG" .businesswire .^ "8minute Solar Energy expands services and rebrands as Avantus" .solar power world .^ scully, jules."US developer 8minute Solar Energy rebrands as Avantus" .pv . ^ "Avantus Launches Out of 8minute Solar Energy to Redefine the Energy Sector" .businesswire .^ Akella, Surya (2024-03-21)."KKR to acquire majority stake in Avantus" .Power Technology . Retrieved2024-03-21 . ^ Kahn, Brian."Solar Just Hit a Record Low Price In the U.S." Earther . Retrieved2019-02-11 . ^ "NV Energy 2.3-cent solar contract could set new price record" .Utility Dive . Retrieved2019-02-11 .^ Woody, Todd."U.S. Solar Industry Booming Despite China Trade War" .Forbes . Retrieved2019-02-11 . ^ "Folsom's 8minutenergy gets approval for largest solar farm" .www.bizjournals.com . Retrieved2019-02-11 .^ "8minutenergy Renewables breaks ground on first phase of 800MW PV project" .PV Tech . Retrieved2019-02-11 .^ "8minutenergy And D. E. Shaw Start Construction Of 191 MW Springbok 2 Solar Farm - Solar Industry" .Solar Industry . 2015-12-15. Retrieved2019-02-11 .^ "Solar Farm in California Selling Power 58% Below State Average" .Bloomberg NEF . Retrieved2019-02-11 .
