The largest independent solar power developer in the US, 8minutenergy, revealed a change of ownership over the weekend.
The company’s co-founder Tom Buttgenbach has led a management buyout of the shares of fellow co-founder Martin Hermann. Buttgenbach will now add the role of CEO to his current responsibilities as president.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
The deal is effective immediately.
“There has never been a more exciting time in the US energy market,” said Tom Buttgenbach. “The industry’s transforming to where renewables will be the dominant form of power now that generation costs are lower than fossil fuels. This evolution will be led by large-scale solar and storage projects, and 8minutenergy will continue to be at the vanguard of the industry.”
The company claims to have more than 10GW of solar and storage in development and holds 1.1GW of operational assets.
“I am proud that we have been able to set a number of industry-firsts, most recently with the first utility-scale power plants with bi-facial modules on single-axis tracker,” said Martin Hermann, founder, 8minutenergy. “We have also set a number of price records for PPAs in the US, most recently with the Eagle Shadow Mountain project.”
