Washington, DC – Bracewell LLP represented an affiliate of Upper Bay Infrastructure Partners in a joint venture with 8minutenergy Renewables, LLC and J.P. Morgan Asset Management to provide equity capital to support the company’s 10.7 gigawatt pipeline of utility solar and storage projects. The joint venture, along with investment from 8minutenergy CEO, Dr. Tom Buttgenbach, provides over $200 million in capital commitments.
8minutenergy is the largest privately held developer of solar PV and storage projects in the United States. To date, it has 10.7 gigawatts of solar and storage under development in California, Texas, the Southwest and the Southeast. 8minuteenergy also has developed over 1,100 MW of solar power plants now in operation.
Scotiabank and Bank of America Merrill Lynch were the lead financial advisors to the joint venture transaction.
Bracewell lawyers involved in the transaction included:
Partner: Hans P. Dyke
Senior Counsel: Steven J. Lorch