Avantus, formerly known as 8minute Solar Energy, is an American photovoltaic (PV) developer of utility-scale PV power plants and energy storage.
It was founded by Tom Buttgenbach and Martin Hermann in 2009. [1]
In 2014, Kern County Board of Supervisors approved development of Redwood Solar Farm which received investment of $30 million by Macquarie Capital. [2] [3] [4]
In 2018, it had raised $200 million through a joint venture with J.P. Morgan Asset Management and Upper Bay Infrastructure Partners for its pipeline of utility-scale solar projects. [5] [6]
A 25 year pact was signed with Los Angeles Department of Water and Power in 2019. [7]
In July 2019, the company sold its Holstein solar project to Duke Energy. [8] [9]
The Holstein project was the company's first completed development in Texas, with approximately 709,000 solar panels on 1,300 acres in Wingate, Texas. [10]
In early 2020, 8minute Solar Energy received investments from the University of California system, J.P. Morgan Asset Management and Upper Bay Infrastructure Partners to fund development of solar projects. [11]
In 2022, University of California filed a lawsuit against 8minute Solar. [12] The same year, 8minute Solar Energy announced they had secured $400 million in financing from institutional investor EIG. [13] [14]
8minute Solar rebranded the company to the name Avantus in 2022. [15] [16] [17] In March 2024, it was announced a majority stake in Avantus had been acquired by the US private equity company, KKR for an undisclosed amount. [18]
It has developed solar farms that includes Eagle Shadow Mountain Solar Farm which is a 420 MWp (300 MWAC) photovoltaic power station north of Las Vegas, Clark County, Nevada. [19] [20] Mount Signal Solar which is a 594 MWp (460 MWAC) photovoltaic power station west of Calexico, California, [21] [22] [23] a 137 MW Springbok Solar Farm and the 191 MW Springbok 2 solar project, both located in Kern County, California. [24] [25]
Avantus, formerly known as 8minute Solar Energy, is an American photovoltaic (PV) developer of utility-scale PV power plants and energy storage.
It was founded by Tom Buttgenbach and Martin Hermann in 2009. [1]
In 2014, Kern County Board of Supervisors approved development of Redwood Solar Farm which received investment of $30 million by Macquarie Capital. [2] [3] [4]
In 2018, it had raised $200 million through a joint venture with J.P. Morgan Asset Management and Upper Bay Infrastructure Partners for its pipeline of utility-scale solar projects. [5] [6]
A 25 year pact was signed with Los Angeles Department of Water and Power in 2019. [7]
In July 2019, the company sold its Holstein solar project to Duke Energy. [8] [9]
The Holstein project was the company's first completed development in Texas, with approximately 709,000 solar panels on 1,300 acres in Wingate, Texas. [10]
In early 2020, 8minute Solar Energy received investments from the University of California system, J.P. Morgan Asset Management and Upper Bay Infrastructure Partners to fund development of solar projects. [11]
In 2022, University of California filed a lawsuit against 8minute Solar. [12] The same year, 8minute Solar Energy announced they had secured $400 million in financing from institutional investor EIG. [13] [14]
8minute Solar rebranded the company to the name Avantus in 2022. [15] [16] [17] In March 2024, it was announced a majority stake in Avantus had been acquired by the US private equity company, KKR for an undisclosed amount. [18]
It has developed solar farms that includes Eagle Shadow Mountain Solar Farm which is a 420 MWp (300 MWAC) photovoltaic power station north of Las Vegas, Clark County, Nevada. [19] [20] Mount Signal Solar which is a 594 MWp (460 MWAC) photovoltaic power station west of Calexico, California, [21] [22] [23] a 137 MW Springbok Solar Farm and the 191 MW Springbok 2 solar project, both located in Kern County, California. [24] [25]