8minute Solar Energy completes Texas debut with 280MW Duke collaboration

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The Holstein solar project in Texas during construction. Image: 8minute Solar Energy.

Solar and storage developer 8minute Solar Energy has completed its first utility-scale solar project in Texas.

8minute confirmed the 280MWdc/200MWdc Holstein solar farm, built alongside Duke Energy Renewables, has now begun operations.

The Holstein solar project comprises more than 700,000 solar panels and marks a “significant milestone” for 8minute, the company said, as it continues to build on its solar footprint outside of its home state of California.

Tom Buttgenbach, president and CEO of 8minute, said the company was bringing its solar and storage development expertise to “forge a new energy model in Texas”.

“In a state with no solar mandate, and where competition is purely on price, our success with Holstein and our other Texas projects are proof positive that solar will power the future,” he added.

8minute has made a name for itself in the US market for competing with traditional power sources on price. Its landmark Eland solar-plus-storage farm struck a 25-year deal with the Los Angeles Department of Water and Power at record-breaking tariffs. It has since taken its development pipeline to 18GW and set about replicating the success of Eland elsewhere in the country. Last month, 8minute told sister publication Energy-Storage.news that the “vast majority” of its pipeline in the US would be built with co-located storage.

8minute currently has a further four projects in late stages of development in the Lone Star state, representative of nearly 1GW of capacity. Together they are expected to generate around US$1 billion in capital investments, while also delivering US$60 million in land payments and US$120 million in local tax revenues.

Duke Energy’s Renewables subsidiary acquired the project from 8minute in July of last year, with 8minute staying on to oversee its development through to operation. A majority of the energy generated from the project is to be sold to Goldman Sachs subsidiary J. Aron & Company through a 12-year term hedge agreement.

Project design, inverter procurement, construction and balance of systems works were conducted by Blattner Energy, and First Solar Energy Services has been signed to provide O&M services under a five-year term.

SunTrust provided the tax equity investment for the project, while CIT Group led a consortium of banks to provide a construction loan, letter of credit and term loan facility for Holstein.

Read Next

PV Tech Premium
December 2, 2021
Hit by soaring electricity prices and widespread power outages during a severe cold weather event earlier this year, Texas homeowners have been ramping up rooftop solar and battery storage installs to protect against future blackouts and increase their energy independence.
December 2, 2021
Enel Green Power has named Paolo Romanacci as the new head of its North America division, overseeing all renewables activities in the US and Canada.
December 1, 2021
Major US bank Wells Fargo has closed its maiden tax equity investment into a colocated solar-storage project currently under construction in New Mexico, US.
December 1, 2021
Tech major Amazon has added a further 2GW to its committed utility-scale solar PV capacity, adding projects in the US and Europe to its renewables portfolio.
November 30, 2021
JinkoSolar has slashed its shipments guidance for the year, reducing its top end guidance by more than 5GW as it blamed ongoing logistics issues and port blockages.
PV Tech Premium
November 26, 2021
Faced with the threat of curtailment as more renewables enter the grid, utility-scale solar developers are heightening their focus on hybrid PV-storage projects to take advantage of demand for flexibility services and falling battery costs.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 1, 2022
London, UK
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal