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Announced

Completed

EIG completed a $400m investment in 8minute Solar Energy.

Financials

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Transaction Value£293m
Consideration TypeLoan Notes, Cash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Friendly

Minority

Alternative Fuels

Single Bidder

solar energy

United States

Private

Domestic

Acquisition

Private Equity

Synopsis

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EIG, an institutional investor, completed a $400m investment in 8minute Solar Energy, a company specializing in the energy transition. “This strategic fundraise is not only a resounding vote of confidence in 8minute from a global energy investor that shares our vision for a zero-carbon future, but also an important signal that the private sector recognizes the immediate need for more reliable, resilient, and low-cost climate solutions. With EIG’s investment, we further solidify our role as a clean technology leader and become the leading technology provider of ‘smart’ solar power plants with integrated energy storage. As we look to expand into green hydrogen and other adjacent markets, a partner that understands this business is critical to our continued success," Tom Buttgenbach, 8minute Founder and CEO.

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