8minutenergy to build 4GW solar photovoltaic project in India

Independent solar developer in the U.S., 8minutenergy Renewables will setup 4GW solar photovoltaic project in India to help the country meet its aggressive renewable energy goals. A statement from White House said “8minutenergy Renewables will pursue a 4 GW solar photovoltaic project pipeline in India”.

8minutenergy’s commitment was made in tandem with Prime Minister Modi of India’s visit to the White House, which focused on increasing clean energy access and progress made around U.S.-India climate change priorities.

The company’s projects would also spur local economies in India by generating over 10,000 domestic construction jobs in total.

8minutenergy has also committed to contribute to the Clean Energy Finance Forum, which provides broad multinational private sector feedback and support to the U.S.-India Clean Energy Finance Task Force and toward Government of India’s vision of deploying the capital needed to achieve it’s 100 GW solar target.

Martin Hermann, Founder and CEO, 8minutenergy in a statement said “We are honored to be recognized by President Obama and Prime Minister Modi. We have recently expanded our focus to include international markets where clean energy is needed most, and we are particularly excited about our work in India,” he further added “with its complex project development environment, mandates for utility-scale growth, and auction award mechanisms, we see a lot of similarities between the highly-competitive California solar market and India’s. We are proud to be one of California’s solar energy leaders with nearly 15% market share today, and we hope to bring what we’ve learned in our home state into other countries through our effort to make clean energy accessible to all.”

Founded in 2009, 8minutenergy Renewables has been awarded more than 1.5 gigawatts in power purchase agreements to date , and is developing some of the largest solar projects in the world, including the 800 MW Mount Signal farm in California.

Another US based company SunLink Corporation is partnering with domestic Indian companies with a deployment target of 1.4GW over the next five years.

The introduction of SunLink’s proven technology into the emerging Indian solar market will help the country realize its renewable energy goals on an accelerated timeline.